Captive Domiciles

  Cayman Flag 480x377

Cayman Island Insurance Company Formations Clipping Along in 2017

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
  One Two Three 480x377

Tennessee Delivers 3 Modernized Rules for Captive Insurers

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
  Photo of David Gibbons, Bermuda Captive Conference chair, and event logo

Bermuda Captive Conference Chair David Gibbons Fills in the Blanks

This week, Captive.com sat down with David Gibbons, chair of the Bermuda Captive Conference, to discuss the 13th annual event, which is September 10–13 at the Fairmont Southampton Resort. Mr. Gibbons encourages Captive.com readers to register online now to avoid missing out on this paramount event.
August 17, 2017 Read More
  Signing Legislation-SF

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
  Cayman Flag 600x300

Cayman Is Transforming into an International Insurance and Reinsurance Jurisdiction

With growing competition from new captive insurance domiciles, the Cayman Islands are evolving into an international insurance and reinsurance jurisdiction. This article summarizes the Insurance Managers Association of Cayman's (IMAC's) view of the transformation that is underway.
March 28, 2017 Read More
  Hong Kong Lights-SF

China Captives in the Limelight

This article provides insights on recent captive insurance developments in China (both mainland China and Hong Kong) and proposes opportunities as well as challenges for future captive development in China.
February 15, 2017 Read More
  dianeleachandfamilyforVCIAarticle 600x300

Orchestrating the VCIA Conference: Diane Leach and the Collaborative Spirit

The history of the Vermont Captive Insurance Association (VCIA) follows that of the captive industry in Vermont closely. Diane Leach has been an integral person in both since the mid-1980s. In an interview with Captive.com, Ms. Leach shared the story of her employment with VCIA and the Vermont captive industry, showing how the mission of VCIA evolved through the years.
January 31, 2017 Read More
  Vermont State House 600x300

Captive Legislation Changes Proposed in Vermont

The Vermont Legislature will be considering a number of changes to its captive legislation this year. This article provides a summary of the provisions of the Vermont 2017 Captive Legislation proposal being considered by the Legislature.
January 24, 2017 Read More
  Cybersecurity

5 Coverage Questions for Cyber-Liability in a Captive Insurer

Many captive owners are being asked to consider writing cyber-liability coverage in their captives. The idea has been discussed at numerous captive conferences over the last several years. Additionally, there are dozens of articles available on captive vendor websites that explore the possibility. Reading these articles can lead many owners and board members to conclude that cyber-liability coverage is worthy of pursuing.
December 20, 2016 Read More
  Security Camera

Risk Retention Group for Security Companies A.M. Best Rating Downgraded

A.M. Best has downgraded the Financial Strength Rating of Security America Risk Retention Group, Inc. (SARRG), from B++ (Good) to B+ (Good).
December 19, 2016 Read More
  Flat World Map

Bermuda Responds to "Tax Haven" Charge

Tax reform is on the agenda not only in the United States but elsewhere in the world, as well. A report of Oxfam, a global antipoverty agency, has joined those calling for corporate tax reform, and the Bermuda Business Development Agency responded quickly.
December 14, 2016 Read More
  Rental Application

Captive Insurance Basics: A Guide to Rental Captive Insurers

Rental captives are but one form of a captive insurance company. A captive insurer is an insurance company that is wholly owned and controlled by its insureds; its primary purpose is to insure the risks of its owners, and its insureds benefit from the captive insurer's underwriting profits.
December 13, 2016 Read More
  Speaker Podium

Captive Insurance/RRG Conference Saturation: Is There a Solution?

Captive insurance association leaders comment on "conference fatigue" as a genuine malady for the captive insurance industry. Is there a solution?
December 07, 2016 Read More
  CICR

Captive Insurance Taxation and Regulation Hot Topics Featured in December CICR

The December 2016 issue of "Captive Insurance Company Reports (CICR)" looks at a current hot topic in the captive insurance community—the new ownership requirements for captives that have elected to be taxed under section 831(b) of the Internal Revenue Code—as well as other captive insurance current concerns.
December 05, 2016 Read More
  Globe

Captive Insurance World: What's Happening Now

Here are some recent and upcoming events in the captive insurance industry that may be of interest to our readers.
December 02, 2016 Read More
  New Management

Captive Insurer Established in Connecticut Offers Look at SOBC Corp. Process

The president and CEO of SOBC Corp. explains the acquisition process for distressed insurance companies and risk retention groups.
November 30, 2016 Read More
  New Jersey Flag

Captive Insurer Licensed To Reinsure Underground Storage Tank Owners in NJ

Founders Indemnity Group, Inc., was licensed by the New Jersey Department of Banking and Insurance on November 2, 2016.
November 28, 2016 Read More
  Expand Captive Horizon

Captive Insurance Industry Looks at What Is Next for Bond Yields, Inflation

One of this editor's favorite songs is Elton John's "Where to Now St. Peter?" from the 1970 album "Tumbleweed Connection." It seems extremely apropos to the bond market after the recent election results.
November 23, 2016 Read More
  webinarman

Captive Insurance Taxation Developments Focus of Upcoming VCIA Webinar

The Vermont Captive Insurance Association (VCIA) is offering a webinar titled "Captive Taxation: A Shifting World," scheduled for 2:00–3:00 p.m. EST, Thursday, December 15, 2016.
November 23, 2016 Read More
  Company Rating

Captive Industry and Risk Retention Group Auditing Challenges Discussed

Glenn Saslow, CPA, partner at Crowe Horwath LLP, recently offered a glimpse into his auditing experience with the captive insurance industry.
November 22, 2016 Read More