Stewart Feldman, CEO of Capstone Associated Services, says that before undertaking the project of forming a captive insurance company and the payment of hundreds of thousands—if not millions—of dollars in annual premiums, most individuals or organizations will do advanced planning and analysis through a captive feasibility study.
Atlas Management provides an insider's point of view for those considering the Caribbean island of Nevis as an offshore captive domicile. As a captive domicile, Nevis has many advantages compared to other offshore jurisdictions says Atlas Management.
One of the major roles that a captive insurer's board of directors fills is setting the correct strategy and risk profile for the entity. But many boards struggle with this responsibility. Our 5 key questions can help your board get a better understanding of how to deal with these issues.
Early on, the board of directors of a new captive insurer is charged with retaining a captive manager. The creation of a successful partnership between the board and this professional service provider is critical. In this article, Editor John Foehl discusses his top tips for conducting the request for proposal process when interviewing and retaining a captive manager.
Direct placement taxes apply to both surplus lines placements as well as placements with any nonadmitted company, such as a captive insurer.