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Crumbling foundations captive launch delayed
23 November 2018
Connecticut

The launch of CFSIC, the non-profit captive set up to distribute remediation funds to assist homeowners by the ‘crumbling foundations’ issue, has been postponed

Brexit creates uncertainty for Gibraltar insurers, says A.M. Best
23 November 2018
Gibraltar

The UK's exit from the EU creates uncertainty for insurers domiciled in Gibraltar, according to a report from A.M. Best

OECD to publish ‘consensus’ discussion draft on financial transactions
23 November 2018
Luxembourg

The OECD intends to publish a second ‘consensus’ discussion draft on the transfer pricing aspects of financial transactions, with the aim of reaching an agreement on the final guidance in 2019

Captives to run insurance industry in next 10 years
22 November 2018
Luxembourg

Captive insurance companies will run the insurance industry in the next 10 years, according to Jason Flaxbeard, executive managing director of captive management & consulting at Beecher Carlson

Former Zurich head of APAC forms captive manager
22 November 2018
Singapore

The former Zurich head of captive management and business development for Asia Pacific, Sean Welsch, has launched a new captive management company, Welsch Captive Management, in the region

Illinois captive framework reform back on track
22 November 2018
Illinois

The reform of Illinois’ captive regulatory framework is back on track following the state Senate’s unanimous vote to override governor Bruce Rauner’s amendatory veto of SB 1737

Robus opens Malta office ahead of Brexit
22 November 2018
Malta

Independent insurance management company Robus has opened an office in Malta as it continues to prepare to for Brexit

Barbados repeals Exempted Insurance Act, captives remain untaxed
21 November 2018
Barbados

Barbados has repealed the Exempted Insurance Act and all insurance entities in the domicile will now fall under an amended Insurance Act, with captives continuing to be zero taxed

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