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Should You Consider Writing Cyberrisk Coverage through Your Captive?

Cyberrisk is a hot topic at captive conferences, and a panel of experts at the Connecticut Captive Insurance Association’s annual Symposium on Captive Insurance provided a great overview of this expanding risk. Leon Pintsov, CEO of SignitSure Company, moderated the panel. He stated, “No statistical stability exists for the cyber risk,” making it difficult to underwrite.
September 19, 2014 Read More

Hot Topics

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Captives Land on IRS Priority Guidance Plan for 2014–2015

On August 26, 2014, the Internal Revenue Service issued its Priority Guidance Plan (PGP) for 2014–2015. The list reflects 317 projects the IRS designates as priorities for the allocation of resources during the designated period, although generally not all items are completed during the designated period.
September 25, 2014 Read More

Reinsurance Markets, Captives, and Generative Thinking

Over the last month Captive Wire and Captive.com have highlighted a series of headlines suggesting that the fundamentals underlying the global reinsurance market are changing. John Foehl, coeditor of Captive.com and Captive Wire, suggests generative thinking is one means of considering what these changes mean for captives.
September 25, 2014 Read More

Underwriting Note: Another State Invalidates Caps on Some Punitive Damages

Last week a 7-0 Missouri Supreme Court decision invalidated the state cap on some punitive damages. The supreme court restored the judgment of a lower court because the plaintiff had filed a claim as a common law fraud, which existed in Missouri since the first state constitution was written.
September 17, 2014 Read More

Captive Insurer Clarification Act Would Correct Unintended Consequences of NRRA

In July 2014 Senator Patrick Leahy (D-VT) introduced Senate Bill 2796, which would clarify the definition of nonadmitted insurer under the Nonadmitted and Reinsurance Reform Act (NRRA) of 2010. The legislation is cosponsored by Senator Lindsey Graham (R-SC).
September 04, 2014 Read More

Recent News

CICA Webinar Looks at Base Erosion and Profit Shifting (BEPS)

The Organization for Economic Cooperation and Development (OECD) plan for tax base erosion and profit shifting is already affecting corporations, even though implementing the recommendations will be challenging, according to the speakers at last week’s Captive Insurance Companies Association (CICA) seminar on transfer pricing.
October 21, 2014 Read More

Register Now for "Value Producing Captives and Nontraditional Risks" Teleconference

No travel is necessary to participate in "Value Producing Captives and Nontraditional Risks," one of the sessions of the Hawaii Captive Insurance Council Annual Forum this week in Oahu. This session, scheduled for 2:30-3:45 p.m. EDT Wednesday, will be presented via teleconference.
October 20, 2014 Read More

VCIA, Other Insights Available in October 2014 Captive Insurance Company Reports

A report on the Vermont Captive Insurance Association (VCIA) conference, insights into London & Capital's captive indices and self-procured insurance tax in Illinois, and a captive case study are available in the October 2014 issue of Captive Insurance Company Reports (CICR).
October 17, 2014 Read More

As Utah Captive Numbers Grow, 2015 Legislative Proposals and Regulations Previewed

With the current 351 captives and 46 cells licensed, Utah will have well over 400 after license approvals expected to be completed next week, the Utah captive insurance director said during a recent webinar.
October 16, 2014 Read More

Continued Global Recovery Predicted for Fourth Quarter 2014

Global Economy 
The global economy is improving, but areas of concern are a deflation-mired Eurozone, a restructuring of the Chinese economy, and increasing geopolitical tensions, according to an overview presented by London & Capital in its market outlook for the fourth quarter of 2014.
October 15, 2014 Read More

National Catholic Coverage Scope Explained in Interview

Church Leader with Book 
The extensive coverages and service programs of the National Catholic Risk Retention Group, Inc., were the subject of a recent WRIN.tv interview, which included the broad scope of coverage provided by the RRG and its award-winning Virtus (loss prevention/loss control) initiatives.
October 14, 2014 Read More

Captive.com Sponsors and Contributors Receive U.S. Captive Services Awards

LOGO us services awards_novenue 2014 
Captive.com, a media sponsor of the recent 2014 U.S. Captive Services Awards event, is pleased to recognize its sponsors and contributors that were among the captive service providers receiving awards.
October 13, 2014 Read More

Karin Landry "Captive Professional of the Year"

Captive Awards 2014 
Karin Landry, Spring Consulting Group managing partner, received the "Captive Professional of the Year" U.S. Captive Services Award for 2014.
October 13, 2014 Read More

Front-End Focus on the Back Office for Your Micro-Captive

The benefits of a properly formed and managed micro-captive can disappear if your captive manager does not give the needed attention to the operations of the back office, Jim Landis, Unicaptive Advisors LLC, points out in an article he has prepared.
October 10, 2014 Read More