Captive Insurance Industry and Alternative Risk Transfer Market News

Management Services International (MSI)


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Clear Up Blind Spots with Behavioral Interview Questions

Traditional interviews when recruiting new employees leave companies susceptible to blind spots because they rely on hypothetical or subjective opinions. This creates the risk of hiring the wrong candidate. However, a behavioral interview will unlock reliable and measurable information about each candidate in order to hire the best fit.
April 24, 2019 Read More
Bruce Wright

What a Captive Insurer Should Know about the 953(d) Tax Election

Bruce Wright, partner at Eversheds Sutherland (US) LLP, discusses section 953(d) of the Internal Revenue Code (IRC). Under section 953(d) of the IRC, non-US-domiciled captive insurers may elect to be taxed as if they were domestic companies for all purposes of the IRC.
April 22, 2019 Read More
David KirkupF

David Kirkup—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 David Kirkup. Mr. Kirkup serves as chief operating officer and chief financial officer for Captive Alternatives. We had an in-depth conversation about the current state of affairs in the Puerto Rico captive domicile.
April 17, 2019 Read More
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PwC "2019 State of Compliance Study"—Implications for Captives

Learn the possible implications for captive insurers of the digital transformation of compliance and ethics based on PwC's "2019 State of Compliance Study." We offer our own insights on how this process is likely to impact captive insurance companies and what boards and management should be doing.
April 15, 2019 Read More
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How To Set Up a Captive Insurance Company: A 5-Step Primer

How do you set up a captive insurance company? Find out the key steps necessary to successfully establish a captive insurance company on
April 10, 2019 Read More
Mark Sims

Establishing a Captive Insurance Company

According to Mark Sims, vice president of business development at Captive Alternatives, LLC, the process for getting a captive insurance company established can be approached by taking the business owner through the underwriting process, just as it would do if it were buying any insurance.
April 08, 2019 Read More
Anne Marie Towle-Women in Insurance

Anne Marie Towle Shares Her Views on Women in Insurance

Captive insurance industry thought leader Anne Marie Towle, currently executive vice president and captive consulting practice leader for JLT Insurance Management, is taking part in a panel titled "Moving Up—Career Advancement for Women in Insurance." Ms. Towle shares some of her views on women in insurance with
April 03, 2019 Read More
Audit IRS or Financial-SF

For the 5th Consecutive Year, Captives Make IRS "Dirty Dozen" List

For the fifth consecutive year, abusive micro-captive insurance companies found their way to the Internal Revenue Service (IRS) annual "Dirty Dozen" listing. Where last year's listing told taxpayers to be wary, the IRS uses a more aggressive tone in the 2019 listing.
April 01, 2019 Read More
Lessons Learned-SF

3 Lessons from the Spirit Commercial Auto RRG Failure

The recent failure of Spirit Commercial Auto Risk Retention Group (RRG) should cause the captive industry to assess what went wrong and offer solutions. In this article, we look at three lessons we've learned from the failure and offer an analysis.
March 27, 2019 Read More

Recent News

Marsh, Guy Carpenter, and JLT To Form Carpenter Marsh Fac Re

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Marsh and Guy Carpenter have announced plans to combine their Latin American facultative reinsurance operations with Jardine Lloyd Thompson Group (JLT), which was officially acquired by Marsh on April 1, 2019.
April 24, 2019 Read More

IVANS: First Quarter Renewal Rates Experience Continued Increase

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IVANS has announced the "IVANS Index: Premium Renewal Rate Index" results for first quarter 2019. The first quarter results showed an increase in premium renewal rate change average across commercial auto, businessowners policy, umbrella, and commercial property compared to fourth quarter 2018.
April 23, 2019 Read More

Forming and Operating a Captive Insurer Involves Constant Change

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Captive insurance companies should be in a continual process of evaluation, and captive owners should continually be reviewing and evaluating their captive program's exposures, coverages, and limits of liability to determine how these impact the capital in their captive, according to captive experts.
April 23, 2019 Read More

Vermont's Governor Officially Signs Captive Statute Changes into Law

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Legislation recently signed into law by Vermont Governor Phil Scott will make several changes to Vermont's captive statute, including giving captives more time between mandatory financial examinations.
April 22, 2019 Read More

Syzygy Captive Not in the Business of Insurance, According to Tax Court

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In Syzygy Ins. Co. v. Commissioner, T.C. Memo 2019–34, the Tax Court considered yet another case involving a company that had elected to be taxed under section 831(b) of the Internal Revenue Code of 1986.
April 18, 2019 Read More

Jay Sampson To Head Beecher Carlson Alternative Risk and Captive Group

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Beecher Carlson Insurance Services, LLC (Beecher Carlson), has formed a new Risk Optimization Group that will encompass alternative risk, captive management, actuarial, analytics, claims, and risk control. The group will be led by Jay Sampson, who was promoted to executive managing director.
April 18, 2019 Read More

The Georgia Captive Insurance Domicile

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While Georgia is one of the smaller captive insurance company domiciles in the United States, the state has been one of the fastest-growing domiciles. The total of 49 captives in Georgia at the end of 2018 is more than 5 times its total of 9 captives in 2014. Curious? Learn more today.
April 17, 2019 Read More Sponsors Recognized Leaders in Captive Insurance Industry

Delaware's captive insurance director, Steve Kinion, was recently named to "Captive Review's" Power 50, taking the 9th position on the list for 2018. Mr. Kinion has ranked in the list's top 10 since 2014.
April 16, 2019 Read More

Generali Employee Benefits Applies Blockchain Technology to Captives

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Generali Employee Benefits and Accenture are set to provide a blockchain solution for the employee benefits industry. Through blockchain, captive insurance companies or pooling services participating in the reinsurance process will access the same data and reduce processing errors through the use of smart contracts and automated reconciliation.
April 16, 2019 Read More

France Develops Its ILS Market with First Reinsurance Sidecar

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France has moved to develop its insurance-linked securities (ILS) market with 157 Re, its first reinsurance sidecar.
April 15, 2019 Read More

Tennessee Looks To Revise Its Captive Insurance Company Statute

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Legislation approved April 9, 2019, by Tennessee's House Insurance Committee would make several changes to the state's captive insurance company statute.
April 12, 2019 Read More

JLT Executive To Join Strategic Risk Solutions Bermuda

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Strategic Risk Solutions (SRS) has announced that JLT executive Richard Daley will join SRS (Bermuda) on August 1, 2019, as a managing director. Mr. Daley has been with JLT for 13 years and has led the firm for the last 4 years as its president.
April 12, 2019 Read More

Secondary Perils Account for 60 Percent of NatCat Losses in 2018

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In its latest "sigma" report, Swiss Re revealed that the natural catastrophe (NatCat) loss experience of the last 2 years is a wake-up call for the insurance industry, highlighting a trend of growing devastation wreaked by so-called secondary perils.
April 11, 2019 Read More