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Law & regulation

Vermont signs in captive legislation

The Governor of Vermont, Peter Shumlin, will sign in new captive legislation today (May 7, 2015). 7 May 2015

Law & regulation

Delaware Captive Association backs SIIA legislation

The Delaware Captive Insurance Association (DCIA) has backed legislation aimed at increasing the premium cap on 831(b) captives. 5 May 2015

EMEA analysis

S&P affirms Guernsey rating

Rating agency Standard & Poor’s has reaffirmed its AA+ rating of Guernsey, on the basis of “a wealthy and open economy, accountable institutions, and strong track record of effective and responsive policymaking”. 5 May 2015

Actuarial & underwriting

R&Q appoints captive management president

Randall & Quilter (R&Q) has appointed Nick Frost as president of its captive management division. 1 May 2015

Actuarial & underwriting

Robus appoints Gibraltar director

Independent insurance manager Robus has appointed Ruth Mathews as a director in Gibraltar. 30 April 2015

USA analysis

Mitsubishi replaces captive company

Mitsubishi Motors North America has replaced its captive financing company, Mitsubishi Motors Credit of America, with Ally Financial. 30 April 2015

Accounting & tax analysis

Bermuda downgraded by rating agency

Offshore captive domicile Bermuda has had its credit rating downgraded by rating agency Standard & Poor’s (S&P). 29 April 2015

Accounting & tax analysis

Bermuda targets Canada in latest push

Bermuda will highlight the benefits of establishing captives on the Island, when a team of 15 delegates head to Canada for a roadshow. 28 April 2015

Bermuda analysis

Bermuda's Premier heads to RIMS

A strong Bermudian delegation, headed by Bermuda’s Premier, is currently attending the Risk and Insurance Management Society (RIMS) annual conference in New Orleans. 27 April 2015

Accounting & tax analysis

Illinois Senate passes captive tax repeal

The Illinois Senate has unanimously passed legislation which will repeal a premium tax imposed on industrial insurer captive insurers. 27 April 2015

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