Financial Statements-SF

Accounting Rules Impact Captives Writing High Deductible Workers Comp Policies

Johnson Lambert has recently released a new white paper on the revisions to Statement of Statutory Accounting Principles (SSAP) No. 65 regarding high deductible workers compensation policies. Any captive insurers using this type of policy need to be aware of the changes and their impact.
September 20, 2017 Read More
Martin Eveleigh-Person of Interest

Martin Eveleigh—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 Martin Eveleigh. Read his thoughts on the future of captives, captive trends, the biggest challenge that the captive industry faces today, and the next generation.
September 18, 2017 Read More
Global Business Graph-SF

Actuaries Adapt to Climate Change Using New Tools

Actuaries are rising to the challenges posed by climate change. The Actuaries Climate Index (ACI) and the forthcoming Actuaries Climate Risk Index (ACRI) were created to help actuaries address the challenges climate change has created and respond to upward trends in weather-related losses.
September 13, 2017 Read More
Uncertainty for Captives-SF

What Captive Insurers Need To Know about ILS, Alternative Capital, and Reinsurance

As Hurricane Irma has left its mark on Florida, and Texas continues the cleanup from Hurricane Harvey, what do these catastrophes imply for the insurance-linked securities (ILS), alternative capital, and reinsurance markets?
September 11, 2017 Read More

Hot Topics

Insurance Risk Definition HT

"Insurance Risk" Defined by IRS

Internal Revenue Service ruling specifies types of coverage that do not qualify as insurance risk for determining tax-deductibility of premiums paid to a captive insurer.
March 07, 2016 Read More
Taxes HT

Captive Insurance Again on IRS List

The year may have changed, but the Internal Revenue Service (IRS) preoccupation with captives as potential abusive tax shelters remains the same.
February 25, 2016 Read More
Upward Swing HT

Captive Insurers' Use of Swing-Rated Reinsurance Contracts Focus of SCCIA Webinar

The use of swing-rated reinsurance contracts by captive insurance companies, including actuarial, accounting, and regulatory implications, was the focus of a March 3, 2016, webinar hosted by the South Carolina Captive Insurance Association (SCCIA).
March 04, 2016 Read More

Recent News

SRS Starts Bermuda Segregated Accounts Company

Strategic Risk Solutions 
Strategic Risk Solutions has formed a segregated accounts company in Bermuda to provide a Bermuda cell facility alternative to SRS's clients and trading partners. The company will provide a start-up alternative and will be useful for entities moving from a sponsored cell facility or as an incubator for stand-alone captive programs.
September 20, 2017 Read More

IVANS August: Commercial Auto and General Liability Rates Slightly Down

White commercial delivery vans parked in a row 
IVANS has announced the results of August's "IVANS Index: Premium Renewal Rate Index." Premium renewal rate change for the majority of standard commercial lines products remains in positive territory. Commercial auto and general liability experienced a slight downward tick while remaining in positive territory.
September 19, 2017 Read More

Maglaras & Company Advises Vermont's 1,100th Licensed Captive Insurer

Vermont Flag 480x377 
Vermont recently licensed its 1,100th captive insurance company, AssureCap Indemnity, LLC. The sponsored captive insurance company was formed by the Assurance Agency, Ltd., and Michael Maglaras & Company advised on AssureCap's formation and business plan.
September 19, 2017 Read More

Bermuda Captive Insurers Will Cover Their Fair Share of Hurricane Losses

David Gibbons 
Last week's Bermuda Captive Conference highlighted the Bermuda insurance market's role in global risk innovation as well as the Bermuda insurance industry's value, through billions of dollars of claims payments, in helping communities and businesses recover and rebuild after catastrophic events like Hurricane Irma.
September 18, 2017 Read More

Aon: Insurance-Linked Securities (ILS) Sector Sets New Record

Graph Growth 480x377 
Aon Securities, the investment banking division of Aon Benfield, launched its annual report on the insurance-linked securities (ILS) sector, which analyzes the key trends witnessed in the 12 months ending June 30, 2017. The report also provides an overview of related markets and re/insurance mergers and acquisitions activity.
September 15, 2017 Read More

Jesse Olsen Joins Strategic Risk Solutions as Consultant for Western United States

Jesse Olsen, SRS Advisers senior consultant 
Strategic Risk Solutions (SRS) announced that Jesse Olsen has joined the firm as a senior consultant in SRS Advisers, the group's consulting division. Mr. Olsen will lead the firm's consulting activities in the western United States and continue to develop SRS's presence in Texas, Oklahoma, and midwestern US captive domiciles.
September 15, 2017 Read More

IRMI Expands Free Information Resources To Include Hurricane Irma

Paper chain men on top of an insurance policy 
International Risk Management Institute, Inc. (IRMI), has opened several resources to the public at no charge to help victims and insurance professionals navigate the insurance process after the devastation of Hurricanes Harvey and Irma.
September 14, 2017 Read More

Join Strategic Risk Solutions To Support Pediatric Brain Tumor Foundation

Members of Team SRS in blue shirts pose in front of the registration tent at a Starry Night event benefiting the Pediatric Brain Tumor Foundation. 
Strategic Risk Solutions (SRS) is a national supporter of the Pediatric Brain Tumor Foundation (PBTF). This fall, the PBTF is hosting its annual Starry Night events in eight cities around the United States. SRS invites you to help it raise $50,000 for events in Boston, Dallas, and Atlanta.
September 14, 2017 Read More

Hurricane Harvey Flooding: AIR Worldwide Says $65 Billion to $75 Billion in Property Damage

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AIR Worldwide estimates property losses from Hurricane Harvey Texas flooding will be between $65 billion and $75 billion. This includes damage to all properties eligible for coverage regardless of whether they are actually insured and without any application of deductibles or limits. Estimates exclude losses from winds or storm surge.
September 13, 2017 Read More