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-Currency

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 Companies for Health Care Take on Wider Range of Risks

Doctors Surgeons 
A.M. BestTV has released a webinar video that focuses on areas of emerging risks being assumed by healthcare captives.
August 28, 2015 Read More

Captive Insurance Company First To Be Licensed in Ohio

Ohio Flag 
Imprise Financial PCC, Inc., is now licensed as Ohio’s first "protected cell" captive insurance company, the Ohio Department of Insurance has announced. Through its protected cells, Imprise Financial will allow businesses to insure some of their own commercial risks, realize greater control of their risk­ management programs, and achieve long-­term financial stability.
August 27, 2015 Read More

Small Insurers, RRGs Have Increased Access to Capital, Article Says

Capital Source 
The Summer 2015 edition of the Demotech Difference contains an article by Joseph Scheerer, founder, principal, and managing director of Stonybrook Capital, concerning the increasing access to capital for small insurance companies and risk retention groups (RRGs).
August 26, 2015 Read More

Captive Insurance Association Members Receive Microcaptive Guidance

Tax Key 
The Captive Insurance Companies Association (CICA) has just released an additional “Information Statement Regarding Micro-Captives” intended to supplement its two Captive Best Practices Guidelines.
August 26, 2015 Read More

Captive Insurance Industry Associations Oppose Proposed Exclusion from Federal Home Loan Bank

Federal Home Loan Banks 
Since the Federal Housing Finance Agency (FHFA) published a proposed rule in the Federal Register almost a year ago that would exclude captive insurers from membership in the Federal Home Loan Bank, it has received more than 1,300 comments, including those opposing the proposed definition of "insurance company."
August 25, 2015 Read More

Captive Insurance Groups Comment on International Organization Proposal

Feedback Meeting 
The Delaware Department of Insurance, the Vermont Captive Insurance Association (VCIA), and the National Association of Insurance Commissioners (NAIC) are among a limited number of US organizations that submitted comments on the "Application Paper on the Regulation and Supervision of Captive Insurers” May 2015 draft developed by the International Association of Insurance Supervisors (IAIS).
August 24, 2015 Read More

Captive Insurance Operations and Services Focus of Captive.com Video Series

Thought-Leader-Videos 
Have you taken full advantage of all the information the Captive.com website has to offer? A video series that focuses on “Captive Operations & Services” features several well-known captive experts who share their knowledge on operational matters important to successfully launching and operating a captive.
August 21, 2015 Read More

Captive Insurance Conference To Open in North Carolina

Symposium Session 
The North Carolina Captive Insurance Association (NCCIA) 2015 Annual Conference opens Monday, August 24, with an optional seminar that is an introduction to captive insurance and its fundamentals. The Conference is being held August 24-26 at the Ballantyne Hotel and Resort in Charlotte.
August 21, 2015 Read More

Captive Insurers in Europe See Opportunity in Solvency II, Report Says

Pile of Euro 
European captives that are rated by A.M. Best see Solvency II as an “opportunity to focus more closely on risk management and refine their investment strategies," according to a Best's Special Report issued on August 17, 2015. The problem, however, is the Solvency II standard formula does not favor the limited diversification of European captives.
August 21, 2015 Read More