Featured News

Code of Ethics

Captive Insurance Industry Code of Ethics Adopted in North Carolina

The North Carolina Captive Insurance Association (NCCIA) recently adopted a code of ethics designed to maintain a high-quality captive insurance industry. The code of ethics is believed to be the first one created for the captive insurance industry. Atlas Insurance Management is one of the first captive insurance management firms to sign a written pledge to adhere to the 10 principles of the new code.
August 07, 2015 Read More
Keyboard Hands

New Online Captive Insurance Courses Offer CE and CPE Credit

A new Captive Insurance CE Learning Center, featuring online courses on captive insurance and related topics, is now open. Offered as a service of Captive.com, the learning center currently includes one course: Captives as Risk Retention Mechanisms. In July a second course, Property and Casualty Reinsurance Fundamentals, will be included, and a third course, Captives as Risk Transfer Mechanisms, will be added in August.
June 24, 2015 Read More

Treasury and IRS Issue New Proposed PFIC Regulations Aimed at Hedge Fund Reinsurers

Passive foreign investment company (PFIC) regulations proposed by the U.S. Department of the Treasury to close reinsurer PFIC loophole.
May 06, 2015 Read More

Hot Topics

Kitchen Sink

Captive-Related IRS Analysis: Everything but the Kitchen Sink

On August 14, 2015, the Internal Revenue Service (IRS) released Chief Counsel Advice (CCA) 201533011, in which the IRS determined that the excess loss insurance contracts at issue do not qualify as insurance for US federal income tax purposes. The CCA is the latest indication of the IRS's position on the ongoing issue of what is insurance and continues the IRS's reliance on the common sense insurance prong of the test for insurance to bolster its conclusions on the other prongs of the test.
August 26, 2015 Read More
American Courtroom Interior

Validus Court Holds FET Not Applicable to Foreign Reinsurance

Validus holding that federal excise tax (FET) does not apply to foreign reinsurance transactions is affirmed by the U.S. Court of Appeals for the District of Columbia Circuit.
May 27, 2015 Read More
Tax Court Decision

Healthmark Case Changes Brother-Sister Captive Tax Treatment

Captive insurance involving single-member limited liability companies may now qualify as insurance for tax purposes due to a recent decision in the Healthmark case.
April 06, 2015 Read More
IRS Building

IRS Dirty Dozen Abusive Tax Structures Single Out Micro-Captives

In IR-2015-19, the IRS explained that 831(b) micro-captives may be considered abusive tax structures and outlined determining criteria.
February 06, 2015 Read More

Recent News

Captive Insurance Domicile Considerations and Reviews in October CICR

The October 2015 issue of Captive Insurance Company Reports (CICR) is a must-read for organizations and businesses considering the formation of a captive.
October 06, 2015 Read More

Group Health Self-Insurer Cost Savings Arrangements Focus of Article

Disability Insurance 
Contracting with an accountable care organization (ACO) could afford high-quality and cost-efficient care for self-insured plan participants, according to Milliman actuaries Anders Larson and Paul Houchens in their article, titled “Introduction to shared savings arrangements and ACOs,” for the September 2015 issue of Milliman's Benefits Perspectives: Current Issues in Employee Benefits.
October 05, 2015 Read More

Captive Insurance Industry Survival Strategy Offered at NRRA Conference

Surival Guide 
Is your captive struggling to survive in this soft insurance market? Panelists offered their advice during "Soft Market Survival Guide," a September 30 presentation at the National Risk Retention Association (NRRA) National Conference 2015, held September 29 through October 1 in Chicago.
October 02, 2015 Read More

Captive Insurance and Reinsurance for Health Care Topic of Bermuda Development Agency Webinar

Doctor Stethoscope 
The healthcare insurance market is in a state of flux, and Bermuda is uniquely positioned to benefit, according to the three speakers at the "Healthcare Captives and Reinsurance" webinar sponsored by the Bermuda Business Development Agency (BDA) September 30, 2015.
October 02, 2015 Read More

Risk Retention Association National Conference Panel Examines Advocacy for RRGs

Court Ruling Gavel 
The National Risk Retention Association (NRRA) has successfully entered several state and federal court cases in recent years as a "friend of the court." "Amicus Curiae" was a panel discussion on the second day of the NRRA National Conference 2015, held September 29 through October 1 in Chicago, which delivered some encouraging news for RRGs.
October 01, 2015 Read More

Captive Insurers Offshore Watching Push for Adoption of BEPS Scheme

Global Taxation 
A recent Wall Street Journal article reports that 50 governments are scheduled to agree this fall on the adoption of a new set of tax rules for multinational corporations to rein in so-called tax avoidance schemes on the heels of Captive.com's report on a presentation in South Carolina concerning the implications for captives if the Organisation for Economic Co-operation and Development (OECD) successfully implements its push for base erosion and profit shifting (BEPS).
October 01, 2015 Read More

Risk Retention Association Hears from NAIC CEO at National Conference

2015 NRRA Day Two 
Senator Ben Nelson, who serves as chief executive officer of the National Association of Insurance Commissioners (NAIC), discussed the NAIC's current activities and challenges during his keynote address September 30 at the National Risk Retention Association (NRRA) National Conference 2015 in Chicago.
October 01, 2015 Read More

Risk Retention Association National Conference Panel Discusses Foreign versus Domestic Reinsurance

NRRA 2015 Reinsurance Panel 
The first educational session of the National Risk Retention Association (NRRA) National Conference 2015, September 29 through October 1, in Chicago, was a panel discussion based on the question of foreign versus domestic reinsurance.
September 30, 2015 Read More

Risk Retention Association National Conference Opens with State Regulator Luncheon, Record Attendance

NRRA 2015 Lunch with State Regulators 
The attendance of approximately 175 at the National Risk Retention Association (NRRA) National Conference 2015, September 29 through October 1, in Chicago, is the most at any NRRA conference, it was announced at the event.
September 30, 2015 Read More