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  • Bermuda Monetary Authority Releases Its "Captive/SPI Report 2017" Bermuda Monetary Authority recently released its 2017 captive/special purpose insurer (SPI) statistics. This article reviews the report, and selected highlights are included. Other captive domiciles would do well to follow Bermuda's lead and create greater transparency in the captive industry.
  • Chinese Reinsurer Formed in Guernsey, Europe's Top Captive Domicile Chinese reinsurer Brilliant Reinsurance Limited has formed as Guernsey's first Chinese insurance company, providing further proof of the growing connection between Guernsey's insurance industry and China's business sector. Alternative Risk Management, an independent insurance manager, will manage Brilliant Reinsurance's retroceded business from the Lloyd's of London re/insurance market.
  • Bermuda Delineates Fact from Fiction in Answering ICIJ Reports Recent reports from the International Consortium of Investigative Journalists (ICIJ) expose the names of people and companies behind what it alleges are "secret offshore structures" that, in some cases, are used to reduce or avoid taxes. Bermuda has responded to the ICIJ reports to delineate fact from fiction.
  • Bermuda Remains Resilient to Major, but Improbable, Catastrophe Events The resilience of Bermuda's re/insurance sector to withstand potential catastrophic events strengthened year over year (2015 to 2016), per the Bermuda Monetary Authority second annual "Catastrophe Risk in Bermuda" report. While gross catastrophe exposure increased by about 9 percent year over year, capital levels also increased at a slightly higher rate.
  • Connecticut Introduces Captive Insurance Tool Kit for Business Owners The Connecticut Insurance Department has launched CT Captive Solutions for Business—a new online resource for business owners exploring ways to control insurance costs and manage their risk. The tool kit includes instructions on licensing a captive insurer in Connecticut, a list of recognized captive managers, FAQs, and Insurance Department contacts.
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  Time for Transparency-SF

Bermuda Monetary Authority Releases Its "Captive/SPI Report 2017"

Bermuda Monetary Authority recently released its 2017 captive/special purpose insurer (SPI) statistics. This article reviews the report, and selected highlights are included. Other captive domiciles would do well to follow Bermuda's lead and create greater transparency in the captive industry.
December 06, 2017 Read More
  Brilliant Reinsurance 480x377

Chinese Reinsurer Formed in Guernsey, Europe's Top Captive Domicile

Chinese reinsurer Brilliant Reinsurance Limited has formed as Guernsey's first Chinese insurance company, providing further proof of the growing connection between Guernsey's insurance industry and China's business sector. Alternative Risk Management, an independent insurance manager, will manage Brilliant Reinsurance's retroceded business from the Lloyd's of London re/insurance market.
November 28, 2017 Read More
  Fact versus Fiction

Bermuda Delineates Fact from Fiction in Answering ICIJ Reports

Recent reports from the International Consortium of Investigative Journalists (ICIJ) expose the names of people and companies behind what it alleges are "secret offshore structures" that, in some cases, are used to reduce or avoid taxes. Bermuda has responded to the ICIJ reports to delineate fact from fiction.
November 13, 2017 Read More
  Bermuda Flag-2-SF

Bermuda Remains Resilient to Major, but Improbable, Catastrophe Events

The resilience of Bermuda's re/insurance sector to withstand potential catastrophic events strengthened year over year (2015 to 2016), per the Bermuda Monetary Authority second annual "Catastrophe Risk in Bermuda" report. While gross catastrophe exposure increased by about 9 percent year over year, capital levels also increased at a slightly higher rate.
November 06, 2017 Read More
  Connecticut Seal 480x377

Connecticut Introduces Captive Insurance Tool Kit for Business Owners

The Connecticut Insurance Department has launched CT Captive Solutions for Business—a new online resource for business owners exploring ways to control insurance costs and manage their risk. The tool kit includes instructions on licensing a captive insurer in Connecticut, a list of recognized captive managers, FAQs, and Insurance Department contacts.
October 27, 2017 Read More
  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
  VCIA Hot Topics 2017-SF

Vermont Provides Most Current Captive Insurance Figures at VCIA Conference

Vermont's most current captive insurance figures were outlined by Sandy Bigglestone, State of Vermont director of captive insurance, during a "Hot Topics" panel held August 10 at the Vermont Captive Insurance Association (VCIA) 2017 Annual Conference. Vermont's numbers make it the leading captive domicile in the United States.
August 16, 2017 Read More
  2017 VCIA agency captives panelists: Jesse Crary, Bob Gagliardi, Peter J. McDougall

Vermont Agency Captive Insurance Law Details Revealed

Vermont's captive bill (H.85), signed into law May 1, added agency captives to the types of captives that can be formed in the state. An agency captive is a reinsurance company formed/owned by an insurance agency or brokerage to provide reinsurance to its insured clients.
August 15, 2017 Read More
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