GRM Captives
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Simplifying the captive reinsurance process
In a hardening market with terms and conditions being tightened and exclusions increasing, it is perhaps not surprising that organisations…
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Labuan Financial Services Authority grants temporary regulatory reliefs
The Labuan Financial Services Authority (Labuan FSA) has announced temporary regulatory reliefs (TRRs) for Labuan entities, including insurers and captives,…
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SRS expands underwriting capabilities with new hire
Andy Hulme has joined captive management and consulting services firm Strategic Risk Solutions (SRS) to provide underwriting support to SRS…
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Conyers advises on compliance with economic substance requirements
Regulatory authorities in Bermuda, the Cayman Islands and the British Virgin Islands (BVI) have issued guidance notices on the issue…
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New chairman of Thomas Miller Isle of Man
Thomas Miller has appointed Ross Dennett as chairman of Thomas Miller (Isle of Man) Limited. He took over the role…
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CICA elects new chair, vice-chair and board members
The Captive Insurance Companies Association (CICA) has elected Lance Abbott as chair of the board of directors of the association.…
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Atlas Insurance Management acquired by Risk Strategies
US broker Risk Strategies has acquired captive management firm Atlas Insurance Management, as part of its purchase of Atlas Group…
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Guernsey Finance appoints new chief executive
Guernsey Finance has appointed Rupert Pleasant as its new chief executive, replacing Dominic Wheatley who has led the organisation for…
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Hardening market behind Guernsey captive growth
The hardening market has seen Guernsey attract 11 new captives to the domicile in 2019, its best result since 2016…
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Self-Insurance Institute of America defends captives in light of IRS clampdown
The Self-Insurance Institute of America (SIIA) has defended captives in light of the US Internal Revenue Service’s (IRS) ongoing clampdown…
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EU returns Bermuda to white list of fully cooperative tax jurisdictions
Bermuda has been removed from the European Union’s (EU) so-called tax ‘grey list’ and returned to the ‘white list’ of…
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Singapore government extends tax break for captives
The Singapore government has extended the tax break granted to captive insurance companies domiciled in the territory for another five…
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Lloyd’s eyes captive platform idea
Lloyd’s has confirmed that it is looking into the potential for hosting captive insurance companies in the market again. A…
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Cayman to be added to EU tax haven blacklist
The Cayman Islands is to be added to the EU list of non-cooperative tax jurisdictions, according to the Financial Times.…
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Huge potential for employee benefits captives in Asia-Pacific
Maxis GBN has highlighted the potential for the captive market in Asia-Pacific to help multinationals in the region manage the…
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Strategic Risk Solutions launches medical stop-loss consulting firm for captives
A specialist underwriting and consulting services firm focused on the use of captives in medical stop-loss programmes has been launched…
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Strong year for captive formations in Delaware
Delaware licensed 56 new captives in 2019, according to the state’s insurance commissioner Trinidad Navarro. This compares with 46 captive…
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New captive solution for US emergency roadside assistance providers
A captive risk solution for emergency roadside assistance providers that are affiliated with the American Automobile Association (AAA) has been…
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French government plans to make France a more attractive jurisdiction for captives
The French government plans to make the country a more attractive jurisdiction for captives, as risk managers turn to alternative…
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US tax authorities to ‘vigorously pursue’ micro-captives
The end may be nigh for so-called ‘micro-captives’ in the US, following the news that the US Internal Revenue Service…