Management Services International

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What Is a Micro-Captive?

A micro-captive is a small captive insurance company that may be taxed under Internal Revenue Code § 831(b) and may pay tax on investment income only. What is a micro-captive? Read further to find out!
November 19, 2018 Read More
business checklist SF Feature

Key Criteria for Selecting a Captive Claims TPA

The claims handling function is a critical requirement for all captive insurers. The decision to outsource this operation to a third-party administrator (TPA) requires significant due diligence. We explore some of the key criteria to consider in selecting the right claims handling TPA firm.
November 15, 2018 Read More
Businessman with Questions-SF

What Is a Fronting Arrangement, and Why Do Captive Insurers Use Them?

An insurance pundit once observed that "fronting" is the same as "backing." That seemingly oxymoronic comment is not far off the mark in describing the relationship between a captive insurer and a fronting arrangement. Read on to find out more about fronting arrangements and captive insurance.
November 12, 2018 Read More
Cyber Threat Assessment-SF

Cyber-Risk Quantification Is Key for M&A Professionals

In the insurance industry, many of the practical details surrounding merger and acquisition (M&A) transactions are based on reasonably sound approaches with sufficient supporting data where advisers can estimate the value of a target entity. What is challenging to quantify is the impact a cyber event may have on a target's value.
November 07, 2018 Read More
Lynn Sheils-SF

Considering the Claims Benefits of Captive Insurance

There are numerous claims benefits with captive insurance, according to Lynn Sheils, general counsel of EWI Re. Benefits include the ability to (1) settle claims quickly to protect reputation, (2) litigate claims to set a precedent or to avoid claims piling, (3) choose legal counsel, and (4) control risk costs.
November 05, 2018 Read More
Key Concepts-SF

Key Concepts for Captive Insurance Reinsurance Contracts

We take a look at some key concepts and reinsurance contract clauses that can help minimize the likelihood of a disagreement with your reinsurers. And, should these disagreements arise, the concepts and contract wording can provide additional protection to a captive insurance company.
October 31, 2018 Read More
Mark Sims-SF

The Captive Domicile of Puerto Rico

According to Mark Sims, vice president of business development for Captive Alternatives, LLC, Puerto Rico as a captive domicile is unique in the sense that it falls under US federal law, US Customs, and Federal Deposit Insurance Corporation; however, it does have sovereignty that Congress granted in 1952.
October 29, 2018 Read More
Looking for Answers-SF

Why Should You Consider Forming a Captive Insurance Company?

Once just a speck on the commercial insurance market landscape, captive insurance companies have become a mainstream risk management tool. To boost understanding of captives, especially group captives, a panel of experts recently discussed a wide array of captive issues. Read on to learn more!
October 24, 2018 Read More
Hugh Rosenbaum

Hugh Rosenbaum Discusses the World Captive Forum, Then and Now

The World Captive Forum (WCF) is set to occur January 30–February 1, 2019, at Turnberry Isle Miami. Captive.com recently spoke with captive insurance expert Hugh Rosenbaum about the event, then and now. Read on to learn more about the 2019 WCF and register today!
October 22, 2018 Read More

Recent News

A New Look and Tagline Will Greet Cayman Captive Forum Attendees

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The Insurance Managers Association of Cayman (IMAC) launched the annual Cayman Captive Forum 26 years ago as the world's largest captive insurance conference, said IMAC. At the 26th annual Cayman Captive Forum, November 27–29, 2018, over 1,400 captive insurance specialists will convene.
November 20, 2018 Read More

Regulators Focus on Cyber, Big Data, AI, and Intragroup Transactions

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Insurance regulators from the United States and the European Union were joined by representatives from industry and consumer organizations to discuss challenges and opportunities related to cyber risks, the use of big data, artificial intelligence (AI), and intragroup transactions in multinational insurance groups at the 6th EU-US forum held in Luxembourg.
November 20, 2018 Read More

UK Insurers Make Plans for Passporting Rights Loss after Brexit

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When the United Kingdom withdraws from the European Union, and at the end of any transition period, passporting rights that currently exist between the United Kingdom and the European Economic Area are expected to cease. A.M. Best explores this in a report, titled "UK Insurers Prepare for Loss of Passporting Rights Post Brexit."
November 20, 2018 Read More

Bermuda, Cayman, and Barbados Captives Outperform Commercial Market

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Operating results among A.M. Best-rated captive insurance companies in Bermuda, the Cayman Islands, and Barbados continued to outperform the US commercial market sector in 2017, according to the latest report from the rating agency, titled "Bermuda, Cayman Islands and Barbados Captives Stay the Course."
November 19, 2018 Read More

Mary McMorrow To Head SRS Europe's New Governance Practice

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Mary McMorrow has joined Strategic Risk Solutions Europe (SRS Europe) to head the firm's new governance practice in developing and delivering governance services to European captive insurers as well as commercial insurance companies.
November 16, 2018 Read More

Capstone Looks To Acquire Captive Management Portfolios

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In its latest expansion push, Houston-based Capstone Associated Services, Ltd. said it is interested in acquiring the US captive management portfolios of other captive insurance management firms. Read on to learn more!
November 16, 2018 Read More

RIMS White Paper Explores 2018's Top 6 Legal Developments

Gavel on Top of Legal Books 
A new RIMS report, titled "Top Six Legal Developments of 2018," highlights the most significant legal decisions of 2018 and explores their relevance to the risk management community.
November 15, 2018 Read More

Capstone's President Earls Retires, New Leadership Takes the Helm

Taking the Helm-SF 
Daniel Calderon has moved into a leadership position as vice president of operations for Capstone Associated Services, Ltd. Jeff Carlson, who served in the role previously, will transition to president. Charles B. Earls III, Capstone's founding president, served as its president for over 20 years and will move to the role of senior adviser.
November 14, 2018 Read More

BDA Appoints New CEO: Roland Burrows

Roland Andy Burrows-SF 
The Bermuda Business Development Agency (BDA) Board of Directors has appointed Roland (Andy) Burrows as its next CEO. He will take up the position effective December 1. Former BDA CEO Ross Webber stepped down from the position effective May 17.
November 14, 2018 Read More

SRS Europe Steers into Malta with Ark Management Acquisition

Malta Merger SF 
Strategic Risk Solutions Europe (SRS Europe) will acquire a majority share of Malta-domiciled Ark Insurance Management PCC Limited (Ark) as the firm accelerates its expansion into the European market.
November 13, 2018 Read More

Marsh-JLT Specialty To Be Formed Following Acquisition Finalization

Mergers and Acquisitions 
The Marsh and Jardine Lloyd Thompson Group plc (JLT) specialty teams will combine to form Marsh-JLT Specialty as a new specialty business within Marsh. The combination will be effective once the transaction closes between Marsh's parent company, Marsh & McLennan Companies, and JLT.
November 13, 2018 Read More

Delaware Captive Domicile Offers Same-Day Conditional Licensing

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Delaware's state insurance commissioner can now issue conditional certificates of authority to enable new captive insurers to operate while regulators review their applications. Steve Kinion, director of the bureau of captive and financial insurance products, Delaware Insurance Department, spoke about the measure in a recent A.M. Best interview.
November 13, 2018 Read More

A.M. Best-Rated European Captives Are Stable, According to Report

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A recent A.M. Best report describes the main rating considerations the rating agency uses for captives with European parent groups. The report shows that A.M. Best European captive ratings have been stable through the past year, with most of the ratings affirmed and their stable outlooks maintained.
November 12, 2018 Read More