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  Guernsey Flag-SF

Guernsey Announces New ILS Hybrid Vehicle

Guernsey Finance has announced that the domicile now has the world's first hybrid vehicle for use in the insurance-linked securities (ILS) sector. The Guernsey hybrid is a protected or incorporated cell company that is both a licensed insurance company and a regulated investment fund.
April 02, 2019 Read More
  Vermont State House-SF

Vermont Changes Financial Examination Requirements for Captives

Captive insurance companies in Vermont will automatically be assured of more time between mandatory financial examinations under legislation given final approval March 28 by state lawmakers.
April 01, 2019 Read More
  Audit IRS or Financial-SF

For the 5th Consecutive Year, Captives Make IRS "Dirty Dozen" List

For the fifth consecutive year, abusive micro-captive insurance companies found their way to the Internal Revenue Service (IRS) annual "Dirty Dozen" listing. Where last year's listing told taxpayers to be wary, the IRS uses a more aggressive tone in the 2019 listing.
April 01, 2019 Read More
  Marijuana Shopping Cart

House Financial Services Committee Passes SAFE Banking Act

The House Financial Services Committee recently voted 45 to 15 to pass H.R. 1595, the Secure and Fair Enforcement (SAFE) Banking Act of 2019. The bill allows marijuana-related businesses in states with existing regulatory structures to access the banking system.
March 29, 2019 Read More
  Plant Cells 480x377

Cell Structures and Captive Insurance Innovation

Kevin Doherty of Dickinson Wright PLC says that the captive industry is full of innovators and captives are continuously innovating. According to Mr. Doherty, some of the more interesting concepts that have emerged involve the use of cell structures.
March 28, 2019 Read More
  Credit Rating 480x377

KBRA Affirms Rating for Fidus Re Series Notes

Kroll Bond Rating Agency (KBRA) has affirmed the long-term credit rating of AA with a Stable Outlook for Fidus Re Ltd.'s Series Notes. Build America Mutual Assurance Company sponsored the issuance of variable rate notes through an offshore (Bermuda) bankruptcy remote special purpose insurer, Fidus Re Ltd.
March 28, 2019 Read More
  CICR Image-SF

April "CICR" Provides Insights into Transportation RRGs

Don't miss the April issue of "Captive Insurance Company Reports" ("CICR"), where Jon Harkavy, general counsel at Risk Services, LLC, provides an insightful analysis of risk retention groups (RRGs) and the transportation sector.
March 27, 2019 Read More
  Lessons Learned-SF

3 Lessons from the Spirit Commercial Auto RRG Failure

The recent failure of Spirit Commercial Auto Risk Retention Group (RRG) should cause the captive industry to assess what went wrong and offer solutions. In this article, we look at three lessons we've learned from the failure and offer an analysis.
March 27, 2019 Read More
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Gallagher Seeks To Compel Arbitration with 831(b) Captive Owners

In an effort to compel arbitration, Arthur J. Gallagher & Co. and other defendants recently made joint motions in response to a lawsuit seeking class status filed in December 2018 by a group of 831(b) captive owner plaintiffs. Eversheds Sutherland provides a brief description of the matter as it stands currently.
March 26, 2019 Read More
  WRCIC-2019-480x377

The West Is Best at the Western Region Captive Insurance Conference

Tee up your captive's future with the Arizona, Missouri, and Utah captive insurance domiciles at this year's 9th Annual Western Region Captive Insurance Conference scheduled for May 20–22 in Scottsdale, Arizona.
March 26, 2019 Read More
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