Market News
Proposed Regulations Clarify the BEAT and FATCA
The Department of the Treasury and the Internal Revenue Service issued two sets of proposed regulations that clarify the application of the base-erosion anti-abuse tax (BEAT) and the treatment of insurance premiums under the Foreign Account Tax Compliance Act (FATCA). Eversheds Sutherland explains the proposed regulations and offers key takeaways. Read More
Crumbling Foundations Captive Insurer Processing Claims
The Connecticut Foundation Solutions Indemnity Company, Inc. (CFSIC), the captive insurance company that has been charged with providing financial assistance to homeowners affected by the crumbling foundations natural disaster, has commenced operations. Read More
Vermont Embarks upon a Captive Insurance Blockchain Pilot
A state of Vermont pilot program will allow new captive insurance companies to register with the secretary of state using blockchain technology. The pilot program is designed to test the functionality of the emerging technology in state regulatory processes. Read More
The Captive Industry Is Amazingly Resilient
Brady Young of Strategic Risk Solutions pauses and reflects on what happened in the captive industry in 2018 and what the operating environment might be in the coming year. Read why Mr. Young thinks the captive industry is amazingly resilient. Read More
R&Q's Latest Runoff Transactions Focus on Workers Compensation
Recently finalized runoff transactions involve workers compensation liabilities for a Vermont-based self-insurer and a Cayman-domiciled group captive insurer. Read More