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Guernsey's insurance-linked securities (ILS) market has seen significant activity in 2018, with the number of new cells of protected cell companies "well ahead" of those for 2017 to date, according to Guernsey Finance. 2 July 2018
Analysis
James Bulkowski, senior manager at EY, will be relocating to the Cayman Islands from the US, effective July 9, and assuming an expanded role at the firm. 2 July 2018
Accounting & tax analysis
Capstone Associated Services, the operator of Reserve Mechanical's risk pool entity Pool Re Insurance, has issued a second statement on the US Tax Court case following the opinion issued by Judge Kathleen Kerrigan. 28 June 2018
Analysis
US tax reform has increased the burden of tax compliance for captive insurers and created uncertainty as to where one might choose to domicile, although it’s not all bad news, explains Matthew Queen of Venture Captive Management. 28 June 2018
Analysis
The captive insurance sector in North Carolina had an estimated $30 million impact on the state in 2017, according to insurance commissioner Mike Causey. 27 June 2018
Analysis
The British Virgin Islands and Montserrat are the latest countries to join the Caribbean Catastrophe Risk Insurance Facility (CCRIF), bringing its total membership to 19 - 18 Caribbean governments and one Central American government. 27 June 2018
Accounting & tax analysis
As the dust settles on the US Tax Court's latest ruling against a small captive, the captive insurance industry is still examining what the Reserve Mechanical Corp v Commissioner case means for the sector. 26 June 2018
Analysis
The State of Rhode Island has introduced amendments to its Voluntary Restructuring of Solvent Insurers Law and its Protected Cell Companies Act that should make run-off transactions easier to execute. 26 June 2018
Analysis
Marsh has agreed to acquire Houston-based independent broker Wortham Insurance, with transaction expected to close in the third quarter of 2018. 26 June 2018
Analysis
The Bermuda Business Development Agency (BDA) intends to hold more overseas multi-industry executive forums. 25 June 2018
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