Capstone Associated - Avrahami v. Commissioner


Stewart Feldman

Does Captive Insurance Make Sense for Your Business?

In evaluating whether captive insurance makes sense for your business, Stewart Feldman, CEO of Capstone Associated Services, says that attention should focus on the risk management issues and the business exposures. The evaluation process should concentrate on the risk exposures for the particular business at hand.
June 13, 2018 Read More
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Cannabis and Captive Insurance

The insurance market for the legal cannabis industry is still quite fluid, with changes happening every day. Cannabis businesses are currently unable to obtain adequate and affordable insurance protection in the market, and captive insurance may be able to provide the solution.
June 11, 2018 Read More
Rob Walling

Captive Innovation and the Role of Technology in Captive Formations

According to Rob Walling, principal and consulting actuary with Pinnacle Actuarial Resources, Inc., technology is playing an exciting role in captive innovation and formation. Captive formation is stemming from insurtech activity, such as on-demand insurance running through smart phone technology as well as from a variety of disruptive technologies.
June 06, 2018 Read More
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Stewart Feldman: Captive Insurance Person of Interest

As part of our ongoing commitment to provide thoughtful commentary concerning issues impacting captives and the broader insurance markets, we spoke with Stewart Feldman, CEO and general counsel of Capstone Associated Services. Read his thoughts on captive planning and why he thinks "It takes a village" to properly undertake captive planning.
June 04, 2018 Read More
Tornado Damage

Business Interruption Insurance: A Basic Primer

A captive insurer should have business interruption coverage, as should its members. Editor John Foehl reviews basic questions for consideration when buying or providing coverage for business interruption insurance in this basic primer for captive insurers.
May 30, 2018 Read More
Board Room Meeting

3 Thoughts for Captive Boards and Management To Consider

Does your captive board practice strategic visioning or generative thinking as part of its normal meeting? Do you have trouble identifying topics to use in these discussions? Here are 3 thoughts that might warrant further exploration by your board and management team as part of this process.
May 23, 2018 Read More
Steve McElhiney

Why Reinsurance Transactions for Runoff Are Not Well Understood

According to Steve McElhiney, president and CEO of EWI Reinsurance, reinsurance transactions for runoff are generally not well understood. He says there is a perception that runoff deals involve failed companies and failed transactions. In fact, runoff has evolved to be a key strategic tool.
May 21, 2018 Read More
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Why Cash Flow Is Key for Captive Insurers

Cash is king. This is especially true for captive insurers, since they typically have fewer margins for error. Captive board members should understand their captive's cash flow, so let's discuss some key areas for exploration and understanding.
May 17, 2018 Read More
Lynn Sheils-SF

Watch Out for this Captive Insurance Claims Handling Pitfall

Lynn Sheils, general counsel of EWI Reinsurance, warns that the most obvious pitfall a captive management team can run into is paying claims that are not covered under the captive policy. There is often an overlap of staff, directors', and officers' responsibilities between the captive owner (parent) and the captive itself. Second, the captive insurer exists at the discretion of the parent, and it is often difficult for the captive to tell the parent that a claim is not covered.
May 14, 2018 Read More

Recent News

Bermuda Captive Conference Draws Owners and Risk Managers

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More captive insurance company owners and corporate risk managers seeking captives attended the Bermuda Captive Conference this year compared to previous years. The 3-day conference attracted over 800 registered attendees from the United States, Canada, Latin America, and the United Kingdom, as well as Bermuda.
June 15, 2018 Read More

Amye King—Captive Insurance Person of Interest

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As part of our ongoing commitment to provide thoughtful commentary concerning issues impacting captives and the broader insurance markets, we spoke with Amye King. She provides some very intriguing insights into how the captive insurance markets are being utilized to support the growing legal cannabis industry.
June 15, 2018 Read More

US Commercial Insurance Prices Up

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A recent commercial lines insurance pricing survey found price changes from first quarter 2017 to first quarter 2018 were in excess of 1 percent for the first time in 11 quarters, breaking the moderating trend in price increases observed since 2013.
June 14, 2018 Read More

CICA Extends Free Membership To Support Young Insurance Professionals

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The Captive Insurance Companies Association (CICA) and the International Center for Captive Insurance Education (ICCIE) will partner on a program to support the career development and educational needs of young captive insurance professionals.
June 14, 2018 Read More

US Captive Reinsurance Runoff Transaction Announcement

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In its first transaction with a California self-insurer, Randall & Quilter (R&Q) recently completed a runoff deal to provide the self-insurer with full finality. In a different captive reinsurance transaction, R&Q issued a reinsurance agreement assuming the legacy liabilities of the Bermuda-domiciled captive of a US corporate airline.
June 13, 2018 Read More

KBRA Assigns A Rating to Watford, an Arch Partner

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Kroll Bond Rating Agency (KBRA) assigned insurance financial strength ratings (IFSR) of A to Watford Holdings. Watford is a total return global re/insurer that combines underwriting medium- to long-tail casualty risks with an investment strategy focused on noninvestment grade credit assets to generate attractive operating returns.
June 12, 2018 Read More

Bermuda Captive Conference Kicks Off with Record Numbers

Bermuda Captive Conference 2018 
A record 845 delegates registered for this week's Bermuda Captive Conference, the island's largest industry event that kicked off its 14th year on June 11 at the Fairmont Southampton.
June 12, 2018 Read More

TCIA Update on the Fast-Approaching Tennessee Captive Conference

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Last week, caught up with the Tennessee Captive Insurance Association (TCIA) to discuss the 8th annual captive conference, happening June 19–20, 2018, at The Westin, Nashville, Tennessee. readers can still register online up until the day of the conference.
June 11, 2018 Read More

SCOR Issues First Cat Bond under New UK Regime

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SCOR is the first reinsurer to use the United Kingdom's new insurance-linked securities regime to issue a new catastrophe bond (cat bond), Atlas Capital UK 2018 PLC, with a multiyear risk transfer capacity of $300 million.
June 08, 2018 Read More

Dodd-Frank Reform and International Insurance Standards Coordination

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On May 24, 2018, President Donald Trump signed into law the Economic Growth, Regulatory Relief, and Consumer Protection Act. It includes an important provision designed to encourage federal coordination with US state insurance regulators when federal agencies represent the United States before international insurance standard-setting organizations.
June 08, 2018 Read More

London ILS Market Off to a Slow Start; Guernsey Believes It Can Help

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Guernsey believes that it can work closely with London to help develop its insurance-linked securities (ILS) sector, following findings from a Guernsey roadshow that revealed the ILS business in London has been slow to take off.
June 07, 2018 Read More

Commercial Lines Market Remains Hard, According to IVANS

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IVANS has announced its May "IVANS Index: Premium Renewal Rate Index" results. The outcomes showed that the majority of standard commercial lines products are trending positively.
June 07, 2018 Read More

AIG's Captive Head, Kathleen Bibbings, Appointed BIMA President

Kathleen Bibbings 
With more than 30 years' experience in the insurance industry, the current head of AIG's Bermuda captive operations, Kathleen Bibbings, has been appointed president of the Bermuda Insurance Management Association (BIMA).
June 06, 2018 Read More