News
Accounting & tax analysis
Bermuda’s insurers—and, by extension, captive insurers—have until July 1 to satisfy the government’s new economic substance requirements, which have a considerably broad scope. Janine Carey, associate at Appleby, has the details. 29 March 2019
Analysis
Bermuda premier David Burt and minister of finance Curtis Dickinson is leading a team to Europe for discussions aimed at laying the groundwork for removing the island from the EU's list of non-cooperative tax jurisdictions, also known as the blacklist. 27 March 2019
Analysis
AM Best has affirmed the financial strength rating of A (Excellent) and the long-term issuer credit rating of “a” of Energas Insurance. The outlook of these ratings is stable. 25 March 2019
article
Blockchain technology, specifically smart contracts, could have profound implications for the way traditional cat bond structures work, explains Simon Kolkmann of BlockART Institute. 25 March 2019
Accounting & tax analysis
The US Internal Revenue Service (IRS) has added microcaptives to its Dirty Dozen list of common scams that it claims that US taxpayers may encounter. 22 March 2019
Analysis
Peter Mullen has rejoined alternative risk management company Artex as chief executive officer, with David McManus taking up the new role of chairman. 22 March 2019
article
Steve McElhiney, president of Tall Pines Insurance Company/CEO and chairman, EWI Re, has been elected chair of the board of directors of the Captive Insurance Companies Association (CICA). 18 March 2019
article
The insurance industry is facing a talent crisis, and this is especially true for the captives market. Captive International reported live from the Captive Insurance Companies Association annual conference, which has increased its efforts towards spreading awareness and closing the talent gap. 15 March 2019
article
Industry groups on Bermuda including the Bermuda Insurance Management Association (BIMA) have pledged their support to efforts by the Bermuda government to get the country removed from the European Union’s so-called blacklist list of "non-cooperative" jurisdictions as quickly as possible. 14 March 2019
article
David Burt, the Premier of Bermuda, has accepted responsibility for what appears to have been a case of human error when draft regulations were being edited that resulted in the country being blacklisted by the European Union. 14 March 2019
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