Types of Captives

  Gavel and Statute Section Symbols-SF

Risk Retention Group Expansion: A Modest Yet Critical Proposal

A new drive is about to begin aimed at convincing Congress to pass legislation to expand the coverages risk retention groups can provide to member-owners. The legislation is expected to be similar to a measure introduced during the last congressional session that would have allowed certain risk retention groups to cover policyholders' property risks.
July 31, 2017 Read More

Michael Maglaras—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 Michael Maglaras. Read his thoughts on data mining and analytics, single-payer health care, and why captives should not be overly focused on the return of hard market conditions.
July 03, 2017 Read More
  Building Blocks-SF

Risk Retention Groups: A Basic Overview

A risk retention group (RRG) is a captive insurance company formed pursuant to the federal Liability Risk Retention Act. This article discusses some of the basics of RRGs, including differences between RRGs and other types of captives.
April 12, 2017 Read More
  Uncertainty for Captives-SF

831(b) Micro-Captive Challenges

Currently, there is great uncertainty as to how the Internal Revenue Service's challenges to micro-captives will be resolved. With this in mind, a panel of captive insurance experts discussed ways to mitigate the challenges during last month's 2017 World Captive Forum.
February 08, 2017 Read More
  Company Percentages-SF

Group Captives, Cell Captives, and Risk Pooling Arrangements Guide

Multiple participant captive insurance companies can take a number of forms, such as group captives and cell captives. Learn the basics of these types of captives as well as how they sometimes share risks for various reasons.
February 01, 2017 Read More
  Worker Injury-SF

Top 10 Causes of US Workplace Injuries

The 2017 Liberty Mutual Workplace Safety Index includes a listing of the top 10 causes of workplace injuries ranked by the percentage of total cost of nonfatal serious injuries.
January 27, 2017 Read More
  Stock Market

Legitimate Captive Insurance Companies Are Not Driven by Tax Planning Strategies

Here is a message that needs to be delivered to all those involved in advising, regulating, or legislating tax policy: captive insurance companies are genuine risk management organizations that add value to their owners.
December 16, 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
  Building Blocks

Captive Insurance Company Strong Risk Culture Can Be Created

Captive insurance companies and their owners/members, like commercial insurers, face an array of emerging risks. They no longer have the option of just focusing on traditional risks.
December 12, 2016 Read More
  Insurance Risk Definition

Is ORSA a Future Requirement for Captives?

The National Association of Insurance Commissioners (NAIC) adopted the Risk Management and Own Risk and Solvency Assessment (ORSA) Model Act (#505), which was effective January 1, 2015, for certain large insurers and is required for state insurance department accreditation by January 1, 2018.
December 08, 2016 Read More

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
  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
  Disability Insurance

Workers Compensation Impact from Affordable Care Act Focus of Study

The National Council on Compensation Insurance (NCCI) has published a research project report that should be of interest to captive insurers that provide workers compensation coverage.
November 29, 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

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
  Injured Workers

Captive Insurance Industry Has Source for Workers Compensation Benchmarking Information

Results of the fourth annual "Workers’ Compensation Benchmarking Study," a claims management operational study, have recently been released by national medical cost containment and care management company Rising Medical Solutions.
November 21, 2016 Read More

Preferred Physicians Medical RRG Holding Company Sale Approved

The sale of PPM Services, Inc., the holding company of Preferred Physicians Medical Risk Retention Group, Inc. (PPMRRG), to NORCAL Mutual Insurance Company has been approved.
November 15, 2016 Read More
  Cayman Islands Beach Ocean

Captive Insurance 2016 Forum in Cayman Previewed

When the Insurance Managers Association of Cayman (IMAC) hosts the 2016 Cayman Captive Forum November 29 to December 1 at the Ritz Carlton Grand Cayman, more than 1,400 attendees are expected to take part.
November 14, 2016 Read More

831(b) Captive Insurers and Advisers Face a Heavy Workload in the Next 90 Days

There is a lot to do in the next 90 days for captives and their material advisers who have made elections under 26 US Code § 831(b) of the Internal Revenue Code. The reporting requirements will be applicable to “[v]irtually all of the captives that have selected the 831(b) tax option,” according to John Colvin, an attorney at Colvin + Hallett and a panelist on the American Bar Association’s (ABA) Captive Insurance Committee’s webinar that was held November 9, 2016.
November 11, 2016 Read More