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Articles

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Risk Management Made Profitable with a Captive Insurance Company

Jeremy Colombik, president of Management Services International, says that business owners have a choice to purchase insurance coverages or not. Regardless, the risk remains. Business owners can make risk management profitable and improve their commercial insurance policies with a high deductible insurance policy that moves risk into a captive insurer.
October 16, 2017 Read More
Key to Success-SF

5 Key Attributes of Captive Managers

Captive managers are an integral part of any captive insurance program. But what are the key attributes that captive insurers and their owners should look for when evaluating and selecting a captive manager? Here are five for consideration.
October 11, 2017 Read More
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Jeremy Colombik—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 Jeremy Colombik. Read his thoughts on 831(b) micro-captives, the "Avrahami" case, and Internal Revenue Service Notice 2016–66.
October 09, 2017 Read More
Tax Reform-SF

Eversheds Sutherland Observations on the Unified Tax Framework

Eversheds Sutherland provides its observations on the Republican unified tax framework. The framework is intended to serve as a "template" for the tax-writing committees, the House Ways and Means Committee, and the Senate Finance Committee to draft tax reform legislation.
October 04, 2017 Read More

Hot Topics

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Captive Domiciles Update Their Laws To Attract and Keep Captive Insurers

States with captive insurance laws are not resting on their laurels but are continuing to enhance those laws to attract new captive insurers and retain current ones with at least six state captive domiciles so far this year passing measures amending their captive statutes.
July 05, 2017 Read More
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Accounting Rules Impact Captives Writing High Deductible Workers Comp Policies

Johnson Lambert 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
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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

Recent News

Cayman Island Insurance Company Formations Clipping Along in 2017

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To date for 2017, the Cayman Islands Monetary Authority has issued 23 new insurance company licenses. This count includes 20 Class B licenses and 3 Class C licenses. The 2016 year ended with a grand total of 39 new insurer licenses, following 22 in 2015 and 23 in 2014.
October 17, 2017 Read More

Capstone Hires David Osbourn To Direct Captive Insurance in Northeast

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Capstone has hired its sixth Chartered Property Casualty Underwriter, David Osbourn, as director of business development for the Northeastern United States. In his primary role, he will expand Capstone's reach in the Northeastern/Mid-Atlantic regions to educate middle-market business owners and advisers on the benefits of captive insurance planning.
October 17, 2017 Read More

A Focus on Unlocking International Employee Benefits in Captives

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According to a Bermuda Captive Conference panel, financing global employee benefits in captives does not present the same bureaucracy and expense as it does in the United States. The industry can expect to see up to 200 companies with global employee benefits risk in their captives within the next few years.
October 16, 2017 Read More

The US 2017 Billion-Dollar Weather and Climate Disasters Count Hits 15

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Since June 2017, six weather and climate events impacted the United States with costs exceeding $1 billion. The events included Western wildfires, Northern Plains drought, severe weather in the Midwest, and Hurricanes Harvey, Irma, and Maria. This brings the year-to-date total to 15 separate billion-dollar weather and climate disasters.
October 13, 2017 Read More

Kroll Appoints Donna Halverstadt To Direct Its Insurance Ratings Group

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Kroll Bond Rating Agency (KBRA) has appointed Donna Halverstadt as managing director of its insurance ratings group. Ms. Halverstadt joins KBRA with over 30 years of experience with financial institutions, primarily insurers. She will lead KBRA's insurance ratings team, merging her industry and capital markets expertise with KBRA's insurance knowledge.
October 13, 2017 Read More

Tennessee Delivers 3 Modernized Rules for Captive Insurers

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The Tennessee Department of Commerce & Insurance is ushering in new, more modern rules to guide the Volunteer State's burgeoning captive insurance industry. The new rules relate to dormancy, audits, and financial exams.
October 12, 2017 Read More

Swiss Re sigma Study: Deep Changes, New Risks, and New Opportunities

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The Swiss Re sigma study "Commercial insurance: innovating to expand the scope of insurability" reveals that product development and innovation around data and data analytics have expanded the scope of insurance solutions to a wider range of threats and perils and made risk transfer more efficient.
October 12, 2017 Read More

Butler University Provides a Tailored "Captive" Talent Crisis Solution

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Butler University is hard at work providing a tailored, student-driven "captive" solution for the insurance industry's growing talent crisis. The unique strategy of Butler University's risk management and insurance program captive formation is that, unlike other universities with similar programs, it is completely driven and led by millennials.
October 11, 2017 Read More

IVANS September: Workers Compensation Renewal Rate Dips Again in the Third Quarter

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IVANS has announced third-quarter results in the "IVANS Index: Premium Renewal Rate Index." Third quarter results showed that the variable premium renewal rate change is average across business owner's policy, commercial property, and workers compensation compared to second quarter. Workers compensation remains the only line of business experiencing a negative premium renewal rate change.
October 10, 2017 Read More