News

Analysis

A bright future for captives

Utah has become a leading domicile for captives on the back of technical innovation and affordability. Travis Wegkamp, captive director, Utah Insurance Department, outlines what has been achieved so far— and the opportunities that lie ahead.   4 September 2018

Analysis

Building on experience

On May 18, 2018, South Carolina governor Henry McMaster signed into law H. 4675, a package of amendments to the domicile’s captives legislation, which was first enacted in 2000. Jay Branum, director of captives in the South Carolina Department of Insurance, explains the background and the effects to US Captive.   4 September 2018

Accounting & tax analysis

The sky isn’t falling and risk pools aren’t dead

Don’t heed the ‘Chicken Littles’: the outcomes of recent court cases should not hurt the legitimate wing of risk pools, says Nate Reznicek of CIC Services.   4 September 2018

Analysis

NCCIA elects new board members at conference

The North Carolina Captive Insurance Association elected new directors to its board at the annual board of directors meeting during its annual conference.   4 September 2018

Analysis

Inpex Bermuda energy captive gets Excellent rating

Ratings agency AM Best has affirmed the financial strength rating of A- (Excellent) of INPEX Insurance (IIL), the Bermuda-based, single-parent captive of Inpex Corporation, the largest oil and gas exploration and production company in Japan.   3 September 2018

Analysis

AM Best assigns rating to Swiss reinsurance captive

Ratings agency AM Best has assigned a financial strength rating of A (Excellent) to The Toa 21st Century Reinsurance Company (TTFC), the Switzerland based reinsurance subsidiary of Japan-based reinsurer The Toa Reinsurance Company (Toa Re) that mainly assumed captive business from its parent.   3 September 2018

Actuarial & underwriting

HIIG partners with MGA to provide captive solution for energy clients

Texas-based insurance holding company Houston International Insurance Group (HIIG) is set to enter into a partnership with Massachusetts-based managing general agency Energi Insurance Services, to provide a captive insurance solution for energy clients.   30 August 2018

Analysis

Appleby's Gavin Woods to join Carey Olsen Bermuda

Offshore law firm Carey Olsen Bermuda has appointed corporate finance and ILS specialist Gavin Woods to its corporate practice.   28 August 2018

Analysis

Dealing with the threat of extra-domicile tax

A regulatory enforcement action has raised the spectre of how and whether captives may be subject to unexpected premium tax liabilities in states outside their domicile. Joseph Holahan of law firm Morris, Manning & Martin explores the issue.   28 August 2018

Accounting & tax analysis

Avrahami and Reserve Mechanical: a regulator’s perspective

The captives world is processing the implications of two high-profile court cases involving captives. Here, John Talley, captive program manager in the Missouri Department of Insurance, gives his perspective on what the cases mean for regulators.   28 August 2018

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