News
Feasibility studies analysis
US convenience store, The Pantry, has formed a pure captive in North Carolina, the state’s first new entrant for 2014. 21 March 2014
Analysis
Texas has licensed its first captive insurer this week following the enacting of captive legislation in June last year. 20 March 2014
Accounting & tax analysis
Hong Kong’s Legislative Council has passed an Inland Revenue Amendment that will provide a 50 percent tax concession on the profits of captive insurers. 19 March 2014
Accounting & tax analysis
Cayman has welcomed three new captive managers in recent months as it looks to further develop its global position. 18 March 2014
Actuarial & underwriting
Vermont has further strengthened its proposition as the US’s leading captive domicile passing the Legacy Insurance Management Act, which will enable to creation of specialist insurance company that will acquire state run-off business. 13 March 2014
Feasibility studies analysis
Nevada is now home to 150 active captives, the largest number in its history, after the state approved 30 new captives in 2013. 10 March 2014
Executive Appointments
David Snowball has been appointed as the new captive director at the Utah Insurance Department. He will replace Ross Elliott, who retires at the end of March. 10 March 2014
Accounting & tax analysis
Captives making intercompany loans to their parents need to take into account potential liquidity concerns and the impact this may have upon their ability to pay claims. 10 March 2014
Bermuda analysis
AIG launches a segregated cell captive, Grand Isle SAC, which will extend alternative risk financing facilities to small and medium-sized companies globally. 10 March 2014
Analysis
Simon Pickering will take on the role of business development manager, retail financial services, at the Isle of Man Government’s Department of Economic Development. 7 March 2014
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