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Accounting & tax analysis
Delaware Insurance Commissioner Karen Weldin Stewart has issued a bulletin providing captive insurers guidance to make it easier to comply with the new requirements within the federal Protecting Americans from Tax Hikes (PATH) Act. 18 October 2016
Actuarial & underwriting
Cutts-Watson Consulting (CWC), a captive insurance advisory firm, has appointed Graham Powell as a consultant based in its Guernsey office, to strengthen its captive insurance offering. 17 October 2016
EMEA analysis
Hyundai Capital Services, the auto financing arm of Hyundai Motor Group, has received the European Central Bank’s (ECB) approval in September to establish Hyundai Capital Bank Europe (HCBE) that will then provide direct auto financing services such as insurance brokerage, installment financing and lease to consumers. 17 October 2016
IT & claims management analysis
AM Best has affirmed the Financial Strength Rating of A- (Excellent) of Casiopea Re, a captive reinsurer based in Luxembourg. The outlook of the ratings remains stable. 17 October 2016
Accounting & tax analysis
Shumaker, Loop & Kendrick, a law firm, has appointed David Slenn as its estate planning, business planning and tax attorney. 14 October 2016
IT & claims management analysis
Precise Leads, a New York-based customer prospecting firm, has added Stuart Ganis, an insurance industry veteran, to its board of advisors to help serve its network of captive insurance agents. 12 October 2016
Law & regulation
US regulatory efforts to revise the statutory framework for variable annuities (VAs) to reduce non-economic volatility, shrink and/or eliminate the use of captives, promote sound risk management, and improve disclosure would be a positive development, according to a new report from Fitch Ratings. 10 October 2016
Law & regulation
Dentons, the global law firm, has appointed John J. Sarchio as a partner in the insurance regulatory practice. 10 October 2016
Law & regulation
Iroquois Captive Services has rebranded itself as ‘ICG Captive Services’. 10 October 2016
EMEA analysis
Guernsey Finance will host its first insurance masterclass in Hong Kong on November 4, 2016. 7 October 2016
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