News
Cayman analysis
As global developments shape its future, Cayman stands firmly on its competitive advantages and a solid framework through which to attract business, writes Hon. Alden McLaughlin, Premier of the Cayman Islands. 14 December 2016
USA analysis
Captive Alternatives (CapAlt), an insurance consultancy, has introduced a new merchant services unit that allows membership associations to provide a fee-based merchant services programme to members and eliminate typical merchant services commissions. 14 December 2016
USA analysis
Former Pennsylvania insurance commissioner Michael Consedine has been appointed as the new CEO of the National Association of Insurance Commissioners (NAIC), effective early 2017. 13 December 2016
Actuarial & underwriting
AM Best has assigned a financial strength rating of A- (Excellent) and a long-term issuer credit rating of “a-” to Nova Casiopea Re (NCRe) based in Luxembourg. The outlook assigned to these credit ratings (ratings) is stable. 12 December 2016
Accounting & tax analysis
Nevada is pushing itself forwards as a leading captive domicile in the US, according to Robert Gallegos, captive program officer for Nevada’s Division of Insurance. 9 December 2016
Cayman analysis
Despite growing concerns about the challenges facing captives domiciled in the Cayman Islands, Conor Jennings, managing director of Captiva Managers, tells Captive International that the overall picture is positive. 8 December 2016
EMEA analysis
The Dublin International Insurance and Management Association (DIMA) and Insurance Ireland will merge in the New Year to bring together the domestic and international insurance and reinsurance sectors under one umbrella. 8 December 2016
USA analysis
Captive Resources (CRI) has purchased a new property in Itasca, Illinois and will relocate its world headquarters to there from Schaumburg, in the same State. 7 December 2016
Accounting & tax analysis
Captive Alternatives (CapAlt), the insurance consultancy that produced the Protected Captive business model, has introduced a new business entity: CapSure Accounting, that will provide captive accounting services to captive managers. 7 December 2016
Analysis
Complexity for captives is already increasing because of the need to comply with the Solvency II Regulations, originally designed for commercial insurers. 5 December 2016
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