Captive Insurance Latest News and Features
3 days ago · Latest issue 273. In this issue of Captive Insurance Times, Würk CEO Deborah Saneman unveils new captive offerings to help the legal cannabis industry in the US secure employee benefits. With the UAE’s two financial-free zones stepping up their game, more local and regional businesses may be looking closer to home to meet their captive ...
Captive Insurance Latest News and Features
Captive Insurance Times covers all the latest day-to-day news from the captive insurance industry, exclusive interviews, features and country profiles
Captive Insurance Times feature article | Going for gold
Industry experts discuss 2023’s captive market performance, trends and developments and share predictions for the coming year. Captive Insurance Companies Association (CICA) president Dan Towle hailed this time period to be the “golden age” of captive insurance. Towle made this bold statement in Luxembourg during his speech at the 2023 ...
Captive Insurance Times domicile profile article | Michigan
3 days ago · According to recent data from the Department of Insurance and Financial Services (DIFS), Michigan has been in the top 10 US domiciles in terms of captive premium volume. That figure rose 25 per cent year-on-year to above US$3 billion for 2023, which, alongside a steady growth in captive formations — up to 27 at the latest count — shows ...
Captive insurance latest news
Macquarie introduces rent-a-captive insurance solution. 28 October 2024. US Reporter Clelia Frondaroli. This marks the latest expansion to Macquarie's insurance offering, where clients will be able to utilise the company's status as a captive insurer to avoid a large upfront investment. 1.
IRS maintains micro-captives on 2024 ‘Dirty Dozen’ list
Apr 15, 2024 · The Internal Revenue Service (IRS) has maintained micro-captives on its annual ‘Dirty Dozen’ list of potentially abusive tax arrangements. This proposal follows the mention of micro-captives on its 2023 list. Tax law generally allows businesses to create captive insurance companies to protect against insurance risks.
Captive Insurance Times interview article | TJ Strickland | Strickland ...
3 days ago · By leveraging their expertise in tax compliance and accounting, CPAs play a crucial role in assisting captive insurance companies in meeting their ongoing obligations, maximising operational efficiency, and minimising compliance risks. TJ Strickland, managing partner at Strickland Hardee, explains the federal tax implications for captives in ...
Shell’s captives retain ‘Excellent’ ratings - Captive Insurance Times
Jun 14, 2024 · AM Best has affirmed the financial strength rating of ‘A’ (Excellent) and the long-term issuer credit rating of ‘a+’ (Excellent) of Solen Versicherungen (SVAG) and Noble Assurance Company, captives owned by Shell. The outlook of these credit ratings remains ‘stable’. The agency notes that these ratings reflect SVAG’s balance sheet ...
Industry news - Captive Insurance Times
Helio welcomes industry professionals to the team. 06 November 2024. US Reporter Clelia Frondaroli. Two industry professionals, Jerry Messick and Jonathan Messick, along with the firm they serve under; Unity Captive Solutions, will provide captive-related services under the …
Fitch revises outlook on QBE and subsidiaries to ‘positive’
1 day ago · Fitch Ratings has revised the outlook of Australia-based QBE Insurance Group and its subsidiaries to ‘positive’ from ‘stable’, while affirming QBE’s long-term issuer default rating at ‘A-‘. The agency also maintains the insurer financial strength ratings of the company’s core subsidiaries’ at ‘A+’ (Strong).