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Captive insurance manager Strategic Risk Solutions Europe has appointed David Lewis as managing director. 11 June 2019
Accounting & tax analysis
Captive premium growth for cyber risk has accelerated by 263 percent in the past year, according to Aon. 11 June 2019
Analysis
The captive industry needs to work together to come up with ways to attract younger people into the industry. 11 June 2019
Analysis
The key stages of a captive was the focus of a break-out discussion during the Bermuda Captive Conference with the audience told that a mature captive could almost act like a commercial insurer. Parent companies can generate profits from additional premium by underwriting third-party risks in their more mature captives. 11 June 2019
Analysis
Bermuda was one of only two jurisdictions to respond to inquiries from students to set up their own captive, the Bermuda Captive Conference heard yesterday. 11 June 2019
Analysis
This year’s Bermuda Captive Conference has an increased focus on engaging young professionals looking to transition into the insurance industry, particularly captives, as part of its community outreach programme. 10 June 2019
Analysis
Against a backdrop of more US captive domiciles gaining prominence and maturing, companies may opt to keep their captives onshore. The Bermuda captive community will therefore need to focus on continuous improvement and take the necessary steps to retain existing captives and attract new captives that are fit for what Bermuda offers. 10 June 2019
Analysis
With the hardening of the commercial insurance market for many lines of business, captives are being used more for either increasing retentions or new lines that were traditionally placed in the commercial market when it was softer. 10 June 2019
Analysis
Bermuda’s insurers - and by extension captive insurers - have until July 1 to meet the government’s new economic substance requirements, although much of the industry is confident captives are in a good position to satisfy these requirements and that the impact of the legislation will be minor. 10 June 2019
Analysis
The UK’s HM Revenue and Customs is undertaking a call for evidence to better understand how the administration and collection of Insurance Premium Tax (IPT) can be made more efficient for both business and HMRC. It also wants to identify unfair tax outcomes so these can be addressed. 7 June 2019
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