Hong Kong’s Legislative Council has passed Inland Revenue Bill 2013 (Amendment) (No. 3) in order to provide a tax concession for captive insurers to enjoy a 50 percent reduction in the profits tax on their insurance business of offshore risks...
The US Senate Banking, Housing and Urban Affairs Committee has heard from industry experts about the importance of extending the federal terrorism insurance backstop, which expires at the end of 2014...
Medical stop-loss is becoming more common among healthcare employers, according to a presentation at the Captive Insurance Companies Association (CICA) International Conference in Scottsdale, Arizona...
Vermont is embracing run-off business with a new proposed law but California is challenging risk retention group reinsurance with a new renewal form, according to captive management firm JLT Towner...
The US Senate Banking Committee must consider amendments to the US Dodd-Frank Act so that policyholders are not put at risk, according to the National Association of Insurance Commissioners...
A proposed tax reform in New York could result in a significant tax increase for captives, according to Sutherland Asbill & Brennan LLP...
A new bill revising aspects of South Dakota’s captive insurance legislation has been signed into law. South Dakota governor Dennis Daugaard signed HB 1051, an act to revise certain provisions regarding the regulation of captives, into law...
