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Captive Insurance News

 Latest News
  • 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.
  • 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.
  • IRS 70 Percent Loss Ratio for 831(b) Captive Insurers—Reasonable? One of the sections in recent Internal Revenue Service (IRS) Notice 2016-66 that may be of concern to all captives, as well as commercial insurers, is the implication that an 831(b) captive with a loss and loss adjustment expense (LAE) ratio of less than 70 percent may not be an “insurance arrangement.”
  • Captive Insurance Forum Planned for Cayman Islands More than 1,400 captive directors, chief financial officers, risk managers, service providers, and captive managers from around the world are expected to attend the upcoming 24th annual Cayman Captive Forum.
  • Captive Insurance Role in Employee Retirement Services Explored The July 2016 issue of Milliman's "Benefits Perspectives: Current Issues in Employee Benefits" features two excellent articles on helping employees with their retirement plans.
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  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
  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
  IRS Building

IRS 70 Percent Loss Ratio for 831(b) Captive Insurers—Reasonable?

One of the sections in recent Internal Revenue Service (IRS) Notice 2016-66 that may be of concern to all captives, as well as commercial insurers, is the implication that an 831(b) captive with a loss and loss adjustment expense (LAE) ratio of less than 70 percent may not be an “insurance arrangement.”
November 10, 2016 Read More
  Speaker Podium

Captive Insurance Forum Planned for Cayman Islands

More than 1,400 captive directors, chief financial officers, risk managers, service providers, and captive managers from around the world are expected to attend the upcoming 24th annual Cayman Captive Forum.
November 07, 2016 Read More
  Retirement Planning

Captive Insurance Role in Employee Retirement Services Explored

The July 2016 issue of Milliman's "Benefits Perspectives: Current Issues in Employee Benefits" features two excellent articles on helping employees with their retirement plans.
September 12, 2016 Read More
  Company Rating

Milliman Commentary on Captive Feasibility Studies and Emerging Risks

Michael Meehan, a consultant at Milliman, Inc., is featured in an A.M. BestTV video that discusses captive feasibility studies and emerging risks. Meehan is asked by John Weber, the BestTV session moderator, what percentage of feasibility studies eventually turn into captives. Meehan indicates that percentage is high because captive managers have usually performed a prefeasibility study prior to contacting an actuary that demonstrates the feasibility. “Captive managers do a good job in evaluating clients" to determine whether it is feasible for them to have a captive, said Meehan.
August 25, 2016 Read More
  Black Swan

Inherent Risks Roil Reinsurance Markets

Several recent news articles, including two we highlighted recently in "Captive Wire," got us thinking about whether captive owners are paying attention to the inherent risks currently roiling the reinsurance markets.
August 12, 2016 Read More
  Video Presentation

Captive Insurance Videos Available on Milliman Website

Milliman consultants will tell you that "traditional insurance is not always the answer." To illustrate this concept, they have produced two videos.
August 01, 2016 Read More
  Culture Matters Featured News

Captive Insurance Company Culture and Values Matter

Culture and values matter in the captive insurance industry, believes Captive.com coeditor John Salisbury, whose experience as a captive insurance company chief executive officer supports this conclusion.
June 08, 2016 Read More
  Future Concepts

A Concept Ahead of Its Time: Creating and Operating a Virtual Captive

As the National Risk Retention Association (NRRA) has announced its creation of a virtual company to promote discussion at its upcoming conference, Captive.com coeditors John Salisbury and John Foehl want to contribute to that discussion by sharing their personal experiences in creating and operating a virtual captive.
May 12, 2016 Read More
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