captive and ART resources

View CICR Index for 1988-December 2007 in searchable PDF

Kick the tires before you buy!
To see a sample CICR, view the January 2008 issue in pdf. The lead story in this issue is entitled Insurance Outlook: 2008.


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IRMI Publications
on the NewsRack at captive.com

The IRMI Guarantee: You can cancel any newsletter subscription at any time and we will return the unused portion of the subscription fee.

Captive.com facilitates the ordering process for IRMI and does not warehouse these, or any other, publications. Our goal is to bring quality publications together in one place, and to make it easy and safe for you to order them.

General shipping guidelines: For domestic shipments, please allow 2 weeks for delivery. Should you have questions about your order, you may reply to the e-mail that confirms your order or call IRMI at 800-827-4242.


Captive Practices and Procedures Captive Practices and Procedures

How to Structure and Operate a Successful Captive Insurance Program

Author Kathryn Westover has set up and managed more than 50 successful captives during her 20-plus years of experience. This book will help you understand the accepted practices and procedures that support a captive’s ability to achieve its mission and purpose. Learn what it takes to establish a successful captive insurance company—one that sets the standard and withstands the test of time!

Learn How To Make Sure Your Captive is Built to Last

  • Use the components of a feasibility study to develop the strategic business plan

  • Read and understand a captive’s financial reports

  • Establish a captive management team that actively drives the achievement of the captive’s strategic goals

  • Develop a procedures manual that will actually be used

  • Turn “regulatory compliance” from a negative into a positive

  • Use performance analyses to reinforce stakeholder satisfaction
  • Print price, including shipping within the US: $66.00. Sales tax will be added on orders shipped to CA, FL, GA, IA, MD, MA, MI, MN, MO, NV, NJ, NY, NC, OH, PA, TN, TX, VA, WA and WI. Shipping charges will be passed on to the customer for orders outside the US.

    Download Table of Contents To Book Review...

    Read Book Review by captive.com's John Salisbury, CPCU, Are and ARM

    Order this publication from IRMI on captive.com's secure server


Captives and the Management of Risk

IRMI's popular book, Captives and the Management of Risk, is designed to help newcomers and risk funding veterans alike understand the pros and cons of captives and apply proven concepts for strategic success. This comprehensive book breaks down the complex topic of captives, revealing the types of risk that can be handled by captives, why captives can be effective as a risk management tool, tax and accounting considerations, how to determine if a captive is feasible, how to choose a domicile, and how to manage and operate a captive. Captives and the Management of Risk is divided into 13 chapters, each one designed to answer a Captive Frequently Asked Question, or "CAPFAQ!"

This book is authored by Kathryn Westover, President of Captive Advisory Services, who has worked with risk funding programs for over 15 years. Ms. Westover takes the perspective of those working within the regulatory environment of the United States, and the guidelines and strategies she offers will assure your success in managing, participating in, or recognizing whether a captive is the best risk management option.

By Kathryn Westover, 216 pp., March 2002.

Print price, including shipping within the US: $66.00. Sales tax will be added on orders shipped to CA, FL, GA, IA, MD, MA, MI, MN, MO, NV, NJ, NY, NC, OH, PA, TN, TX, VA, WA and WI. Shipping charges will be passed on to the customer for orders outside the US.

Download Table of Contents


Captive Insurance Company Reports

CICR The use of captive insurance companies grew significantly in the soft market and is expanding rapidly in the hard market.. As a risk management or insurance professional, you can view traditional market change and the increasing use of the alternative market as either a threat or opportunity.

Written by the consultants of Tillinghast-Towers Perrin, Captive Insurance Company Reports (CICR) is the first and most well-known periodical to focus on the alternative market. CICR covers reinsurance, tax, and regulatory developments in the captive industry. Each month it provides comprehensive reports and comparisons of new and existing captive domiciles. It also addresses reinsurance and fronting conditions and their effects on captives. Subscribers will also receive summaries of the proceedings from many conferences, assessments of the latest tax legislation, and the holdings of recent court cases. CICR's annual review issue, "Captive Scene Today," provides a definitive summary of the growth and the latest trends in this sector of the market. Subscribers to the electronic versions of CICR are provided a fully searchable archive of all issues published since August 1998

The May 2008 issue of CICR contains the following topics of interest:

The May issue of the Captive Insurance Company Reports begins with the recent IRS guidance on Federal Excise Taxes applying on a cascading basis. It was written by Bruce Wright and M. Kristan Rizzolo of the New York law firm of Dewey & LeBoeuf. It discusses in general how FET is imposed on insurance and reinsurance policies. It then presents Revenue Ruling 2008-15 which addresses four factual situations and how the FET would be imposed, then Announcement 2008-18 describing the "voluntary compliance initiative" designed to encourage non-U.S insurers and reinsurers to pay. Dewey & LeBoeuf conclude with their commentary on the IRS's position, raising the significant substantive and administrative questions that are involved.

The second article Captives Exceed 5000 After 2007 Growth presents the number of captives worldwide by domicile at year-end 2007. CICR restates the year-end 2006 numbers as well, as they have been changed from last year's reported figures. CICR discusses the biggest domicile winners and losers, as well as comments from the captive directors in Utah and Kentucky, both domiciles that showed unusual and unexpected growth.

We also present the list of the top 10 captive managers. Of interest has been the net loss in total number of captives managed overall by both Aon and Marsh, the biggest captive managers, despite both adding many new captives. We suspect many captives are being shifted to smaller managers, possibly because of conflict of interest concerns, in addition to captives being consolidated or shut down.

Hugh Rosenbaum then reports on the recent Luxembourg Rendezvous, which focused heavily on the upcoming Solvency II standards.

Kick the tires before you buy! To see a sample CICR, View The January 2008 issue in Adobe Acrobat (pdf). The lead story in this issue is entitled Insurance Outlook: 2008.

View CICR Index for 1988-December 2007 in searchable PDF

Price: $425.00 USD. Sales tax will be added on orders shipped to CA, FL, GA, IA, MD, MA, MI, MN, MO, NV, NJ, NY, NC, OH, PA, TN, TX, VA, WA and WI. Shipping charges will be passed on to the customer for orders outside the US.


Risk Financing®

RiskFinancing During a hardening market, aggressively controlling the cost of risk provides a competitive edge and adds to corporate profits. To manage and control the cost of risk, you must choose from a complex array of alternative risk funding approaches and periodically evaluate and fine-tune the selected vehicles. However, there are so many constantly changing variations of all the alternatives -- and a myriad of tax and accounting implications associated with each -- that it is practically impossible to keep up with them. That's why even the most experienced brokers, underwriters, consultants, CFOs, and risk managers turn to Risk Financing to stay abreast of this fast-moving field!

This leading edge reference provides the details you need to know about deductibles, experience rating, retrospective rating, self-insurance, risk retention groups, self-insurance trusts and pools, captives, finite risk insurance, the alternative market, and other cash flow plans. Today's risk management and insurance professional must be extremely knowledgeable in the pros and cons as well as the operation of each plan. Risk Financing will help you develop competitive alternatives, prepare complete, understandable proposals and/or reports, advise of the tax and accounting considerations of the various alternatives, and keep you abreast of changes that affect your services and programs. It includes eight valuable appendices, containing summaries of state self-insurance regulations, copies of relevant FASBs, internal revenue code provisions, captive insurer legislation, cost guidelines, etc. This service also includes The Risk Financing newsletter with each supplement to the manual. Two loose leaf volumes, 1,500 pages.

Price: $355.00 USD. Sales tax will be added on orders shipped to CA, FL, GA, IA, MD, MA, MI, MN, MO, NV, NJ, NY, NC, OH, PA, TN, TX, VA, WA and WI. Shipping charges will be passed on to the customer for orders outside the US.


 

captive and ART resources