Captives
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Micro-captives back on IRS’s ‘dirty dozen’ list of US tax scams
Micro-captives in the US have once again appeared on the Internal Revenue Service’s (IRS) ‘dirty dozen’ list of tax scams.…
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Most captive domiciles sign up to G7 tax framework
The majority of the leading captive domiciles have signed up to the OECD/G20 Inclusive Framework on Base Erosion and Profit…
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McGill and Partners appoints Chesman to UK structured solutions team
McGill and Partners has appointed former Aon man Peter Chesman as partner in its UK structured solutions team to focus…
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Groupe SEB establishes reinsurance captive in France
Groupe SEB, a leading global manufacturer of small domestic appliances, has launched a reinsurance captive in France. Groupe SEB is…
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Malta added to Financial Action Task Force ‘grey list’
The intergovernmental Financial Action Task Force (on money laundering) (FATF) has added Malta to its list of jurisdictions under increased…
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Strategic Risk Solutions appoints new MD of European finance and compliance
Strategic Risk Solutions (SRS) has named Maxime Schons as managing director of European finance and compliance to continue its expansion…
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Time for a big effort on captives
The fundamental role of the risk and insurance manager is to help reduce the level of uncertainty faced by their…
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Captive allure grows in GCC as market hardens
Interest in captive insurance companies is growing in the Gulf Cooperation Council (GCC) region as international commercial insurance rates harden,…
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G7 tax proposal creates uncertainty in financial centres
The ramifications of the G7 nations’ pledge to implement a global minimum corporate tax rate are still being mulled over…
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Agers calls for Spain to develop its own captive framework as market remains tough
One of Spain’s risk management associations has urged the authorities to develop legislation to make it easier for companies to…
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Regulatory barriers holding back captive growth in Italy
Experts who took part in a recent webinar organised by Italian risk and insurance management association Anra concluded that, while…
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New legislation to strengthen Vermont’s captive regulation
Vermont has brought in new legislation designed to strengthen its captive regulation. According to the domicile, the changes include several…
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UAE: New law expands services of DIFC entities to customers outside the centre
The UAE has issued a new law allowing entities based in the Dubai International Financial Centre (DIFC) to offer services…
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ILS specialist Horseshoe appoints new CEO
Kathleen Faries has been appointed as the new CEO of leading insurance-linked securities (ILS) specialist and fund administrator Horseshoe, a…
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Guernsey launches world’s first ESG framework for insurers.
Guernsey has created the world’s first environment, social and governance (ESG) framework for insurers. The domicile said the aim of…
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Captives should be considered for emerging risks, say risk managers
Captives may provide well-managed corporates with the best way to manage emerging risks, especially during a corrective market where there…
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Captive growth in France set to take off if government backs new rules
As they feel the bite of the hard insurance market, French companies have moved decisively towards setting up captives to…
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Compliance burden pushing captives to consider outsourcing but concerns remain
The burden of disproportionate regulation is making it harder to run a captive without the help of an external captive…
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Never been a better time to consider captives say risk managers
The hardening insurance market and a reduction in coverage as a result of Covid 19 are leading more companies to…
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SRS makes key appointments to new Guernsey office
Strategic Risk Solutions (SRS) has made two key appointments to its newly established office in Guernsey. Elyse Dandeker has been…