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Member Press Release: RISK SERVICES, LLC NAMES STEVEN BANKES AS DIRECTOR OF PROGRAM MARKETING. Mr. Bankes brings 15 years of Alternative Risk Transfer sales and marketing experience to Risk Services, LLC.

Captive.com congratulates Steven Bankes and all our friends at Risk Services -- a multi-year member and supporter of captive.com's services to our industry.

In Memoriam Mark J. Sobel, FCAS, MAAA, from his friends at USA Risk Group and Saslow, Lufkin & Buggy. Peace to Mark's memory.

Member Press Release: Active Captive Management Announces Executive Appointments.

Our congratulations to all at Active Captive Management on their continued success demonstrated by their impressive contributions to the growth of captive domiciles in the western US.

Domicile News: Bermuda Insurance Update, the official journal of the Bermuda Insurance Industry, has just posted the 2008 Volume 1 edition of this fine publication. Links to Bermuda Insurance Update and many other mission-critical newsletters may be found on the Newsletters page in the captive.com News/Library.

The lead article in this issue is entitled Strong Market Growth Continues. The second front-page article, Setting New Regulatory Standards, explains how Bermuda regulators and reinsurance companies are gearing up for the next round of accepted changes to international regulation.

The May Captive Insurance Company Reports (CICR) headlines are in. This issue begins with the recent IRS guidance on Federal Excise Taxes applying on a cascading basis. It was written by Bruce Wright and M. Kristan Rizzolo of the New York law firm of Dewey & LeBoeuf. [More}

For more on the other highlights for the month, and to read a sample issue of CICR, visit the IRMI NewsRack or our Captive Headlines page. You can subscribe to this indispensable newsletter as well as several other IRMI publications right from the captive.com secure server.

Association Press Release: MCIA Supports Legislation to Modernize Liability Risk Retention Act.

Captive.com archives several months of press releases on the News/Library page, where you will find numerous links to additional helpful information and articles.

Regulatory Press Release: Solvency II and Captives: focus on implementation. FERMA calls on member associations to play an active role in development of Solvency II to ensure fair treatment of captives.

We have added a link to FERMA on the captive.com Association Center page.

A.M. Best Special Report: Bermuda Insurers Carry Strength Into a Softening Market.

[Editor's note: This report is outstanding. We highly recommend that anybody with an interest in the Bermuda market purchase it from A.M. Best.]

Ratings Press Release: A.M. Best Affirms Ratings of Eastern Re Ltd. S.P.C.

RUMUNS 2008 will feature 18,000 expert speakers leading 1,400 educational sessions as well as a programme of pre-breakfast power presentations, off-site extra-curricular activities and late night drinking binges. Must see lunchtime speakers include the hooker at the center of the Eliot Spitzer scandal talking on reputation risk and the former Russian president Vlad Putin on succession planning for CEOs.

Entertainment on Wednesday evening will be provided in the form of a comic opera called "Medicare! Stop It You're Killing Me!!" performed by the RUMUNS Players.

If you are either brave or demented, follow this link to the full story.

Member Press Release: Karin Landry Elected Secretary/Treasurer of CICA.

Did you order your copy yet? Recently added to the Captive.com Store is a helpful new book entitled, "Taken Captive -- The secret to capturing your piece of America's multi-billion dollar insurance industry," by R. Wesley Sierk, III. The vendor, Risk Management Advisors, Inc., has even provided a downloadable version of Chapter 1 as a pre-view. The book provides readers with a step-by-step guide to understanding captives and how they are being used to significantly improve companies’ bottom lines.

We are excited about bringing you access to this helpful resource, priced very attractively at $35, including shipping within the continental US. Shipping charges outside the US will be passed along, and tax will be added in states where this is required. Learn more and order from our secure server now!