Byline: RUPAL PAREKH HAMILTON, Bermuda-The world's largest captive domicile saw captive numbers dip in 2005 as a result of softening commercial rates and competition from other domiciles. Although commercial property insurance rates surged in se Byline: RUPAL PAREKH ...
The COLT Telecom Group extraordinary general meeting EGM held on May 30, 2006 involves two issues that shareholders need to decide, but these are being bundled together by the company into a single resolution. The first is a change in domicile of t The COLT Telecom...
PROVIDENCIALES, Turks & Caicos Islands-The are betting that the addition of new captive managers in the domicile will boost captive growth after a slow 2001. KPMG Insurance Managers Ltd., an affiliate of international accounting firm KPMG L.L. PROVIDENCIALES, Turks & Caicos Islands-The are...
Byline: DOUGLAS McLEOD GRAND TURK, Turks & Caicos Islands-The Turks & Caicos Islands saw modest growth in its captive insurance industry last year, and continued slow expansion is expected this year. The domicile recorded a net increase Byline: DOUGLAS McLEOD...
Byline: MICHAEL BRADFORD HAMILTON, Bermuda-The largest captive domicile in the world is not-when it comes to new formations-the busiest. Captive insurance company formations in Bermuda are little changed from a year ago, and there is not much to Byline: MICHAEL BRADFORD...
Byline: DOUGLAS McLEOD GRAND TURK, Turks & Caicos Islands-The Turks & Caicos Islands' captive industry saw steady growth last year and is expected to continue expanding slowly in 2004. The domicile saw a net increase of 16 captives last Byline:...
A last minute rush to include captive insurer legislation, including a cap on premium taxes of $100,000, proved fruitful for the domicile of South Carolina. A bill was passed on June 5 just moments before the legislature's summer recess. At pre...
Byline: DOUGLAS McLEOD TORTOLA, British Virgin Islands-The British Virgin Islands' captive industry continued to expand last year despite a potential threat to one of its primary sources of new business. The U.S. Internal Revenue Service announc Byline: DOUGLAS McLEOD ...
The thriving economies of the Pacific Rim now rival the United States and Western Europe in the growth potential of sophisticated risk management techniques - including captives. The region, stretching from Japan south to New Zealand, embraces myr The thriving economies of the...
Byline: JERRY GEISEL HARTFORD, Conn.-Connecticut, long considered the unofficial capital of the commercial insurance industry, could become the nation's next captive insurance company domicile. The measure, introduced by state Sen. Joseph Crisco Byline: JERRY GEISEL HARTFORD, Conn.-Connecticut, long...
WHILE IT'S STILL TOO EARLY to ring in the New Year, it is never too early to start planning for it. In 2005, the alternative risk-transfer community will be confronted by a variety of issues and developments, some of which are perking along already. WHILE...
PROVIDENCIALES, Turks & Caicos Islands-Captive insurance development stagnated in the Turks & Caicos Islands last year, in large part because of the effects of soft commercial insurance pricing, according to Harold Wong, the domicile's superi PROVIDENCIALES, Turks & Caicos Islands-Captive insurance development stagnated in the...
The captive domicile of South Carolina recently announced that it finished 2002 with a total of 34 licenses, and an official said expansion is continuing, slowed only by a scarcity of reinsurance and fronting capacity. Clayton Ingram, South Caroli The captive domicile of...
Parents of captive insurance companies should welcome international pressure on countries that are regarded as tax havens to clean up their act. For companies with legitimate risk financing programs operating from these countries, anything that wo Parents of captive insurance companies should welcome...
Byline: DOUGLAS McLEOD GRAND TURK, Turks & Caicos Islands-The Turks & Caicos Islands saw further growth in its captive insurance sector last year as the government revamped its regulatory structure, the islands' insurance regulator reports Byline: DOUGLAS McLEOD GRAND TURK,...
The majority of the 10 captive domiciles included on the Organization for Economic Cooperation and Development's preliminary list of tax havens say the list has not harmed their image with captive owners. Last June, the Paris-based OECD compiled a The majority of the...
The specter of risk managers boosting non-related business in Bermuda captives for tax reasons, which in the 1970s and 1980s led to disastrous losses, has again been raised as a result of a recent Clinton administration budget proposal. But exec The...
HONOLULU -- Hawaii's captive industry has burst out of a growth slump, adding a record 11 new captives in 1999. That easily eclipsed the state's prior record, which was set in 1993 when Hawaii licensed eight captives, said Craig Watanabe, captive HONOLULU...
LUXEMBOURG -- Captive numbers in Luxembourg remained static in 1998, reflecting little change across the domicile. Constant captive numbers of 220 licensed in the domicile mask a little bit of underlying activity, said Insurance Commissioner Victor LUXEMBOURG -- Captive numbers in Luxembourg remained static...
By now we all have heard stories about insurance buyers whose premiums have risen so dramatically that despite a minimum of losses and a good balance sheet, they can no longer afford to invest in a traditional insurance program--even though they have By now we all...
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