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USA analysis
AM Best has withdrawn the financial strength rating and issuer credit rating of Healthcare Safety & Protection Risk Retention Group. 18 July 2013
Accounting & tax analysis
The US Department of the Treasury and the IRS announced that the start date of the Foreign Account Tax Compliance Act (FATCA) will be pushed back by six months, to July 2014. 17 July 2013
Accounting & tax analysis
Mid-size companies in light manufacturing are a perfect match for group captives as they can help them avoid premium hikes as rates in the open market harden. 11 July 2013
Accounting & tax analysis
The Double Taxation Agreement (DTA) between Jersey and Hong Kong, originally signed in February of last year, has been formally introduced into law. 10 July 2013
Cayman analysis
Advantage Insurance Holdings, a specialty insurance services company based on the Cayman Islands, has appointed Walter Keenan as its president and chief executive officer. 9 July 2013
Analysis
Black Pearl Insurance 1 PC is the first protected cell company to be established in Jersey and will insure professional liability risk—professional indemnity and D&O—for Polygon Group. 5 July 2013
Analysis
Writing in our US Captive title, Dennis Harwick, president of CICA, argues that a recent New York regulatory report attacking offshore captives is a ‘political document’ that fails to differentiate true captives from so-called ‘shadow insurance’. 5 July 2013
Analysis
The Bermuda Business Development Corporation, formed through a merger of Business Bermuda and the Insurance Development Council, has named Stephen Lund as its new CEO. 3 July 2013
Actuarial & underwriting
R&Q has acquired MPPA Insurance, a Class 2 Bermudian captive already in run-off, for $3.4 million in its first Bermuda transaction. 2 July 2013
Analysis
The stigma against middle market captives is diminishing in the industry but has far from vanished, believes Jeremy Huish, business director at Artex Risk Solutions. 27 June 2013
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