The Captive Insurance Basics section of Captive.com has been updated and expanded with three informative articles on fundamentals of captives. Also, a new and more comprehensive captive glossary has been added.
The insurance sector did not cause the 2007-2008 economic crisis, regulators agreed, but it was pointed out to participants in the recent ICMIF Regulatory Issues Leaders Forum that the global financial crisis did demonstrate how inextricably linked the insurance sector is to the financial services sector as a whole.
The number of risk retention groups has declined by more than 5 percent in 2014, according to a recent report on the Risk Retention Reporter website.
The Board of Guernsey Finance has appointed Dominic Wheatley chief executive of Guernsey Finance effective December 1, 2014.
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.
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).
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.
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.
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.