News
EMEA analysis
Despite Japan's position as the world's third-largest economy, Japanese-owned captive insurers remain a small fraction of the total number of captives globally thanks to links between insurers and industry. 7 May 2014
Executive Appointments
Pendulum has announced that John Sanchez will join the Albuquerque-based company as vice president compliance–risk management. 6 May 2014
Accounting & tax analysis
Marsh’s annual captive benchmarking report, released at the 2014 RIMS Conference, finds that only one-third of US captive owners treat their captives as insurance companies for US federal income tax purposes. 30 April 2014
article
Conner Strong & Buckelew have announced that Bill Motherway will join the company as president of the firm’s New York operations. 29 April 2014
USA analysis
The Texas department of insurance has licensed Gateway Rivers, the wholly-owned captive insurance subsidiary of AT&T based in Dallas, as the state opens its doors to further captives. 28 April 2014
article
The Connecticut senate has passed legislation to modernise Connecticut’s captive law, allowing branch captives with a physical presence to be set up in the state. 28 April 2014
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Vermont’s state legislature has signed into law new captive legislation, amending the reciprocal insurer section of its captive law and creating a new dormant status for captives. 22 April 2014
article
Sedgwick, a leader in technology-enabled claims and productivity management solutions for the insurance sector, has promoted Jason Landrum to the position of chief information officer. 14 April 2014
Feasibility studies analysis
The Texas Department of Insurance has welcomed one new captive and two redomesticated captives to the state as Texas opens its doors to the captive concept. 11 April 2014
Actuarial & underwriting
R&Q has received by way of novation all contracts underwritten by one of the cells SEG Insurance, which will now be moved into the company’s Bermuda-based rent-a-captive R&Q Quest SAC Limited. 10 April 2014
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