Friday, October 18, 2024

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Jill Miura, CIPA receive prestigious HCIC awards

Jill Miura, partner at KMH LLP, has been recognised by the HCIC’s David Kahaulelio Individual Award of Excellence for 2024, presented at the HCIC Forum in Hawaii, while the Captive Insurance For Public Agencies Limited (CIPA) received the Company Award of Excellence.

No significant changes expected to IRS 831(b) regulation

The decision by the Internal Revenue Service (IRS) to include micro captive regulation in its 2024-2025 priority guidance shows that the IRS is still planning to “move forward” with its proposed regulations, according to Bailey Roese, partner at Dentons, Bingham Greenebaum.

Labuan IBFC:  Asia’s Leading Domicile for Captive Insurance

Geographically situated off the coast of Borneo in Malaysia, Labuan International Business and Financial Centre (Labuan IBFC) has been operating as Asia’s premier international financial hub for almost 35 years.

Member owned PCH Mutual has advantage over competitors

The member driven model of PCH Mutual provides the captive with an advantage over its competitors, according to the risk retention group’s (RRG) CEO and president, Julie Bordo.

Cayman licenses five captives in Q3

The Cayman Islands Monetary Authority (CIMA) issued five new international insurer licences in the third quarter of 2024, taking its total of new licences for the year to 29.

Marsh appoints Thomas-Ferrand head of captive insurance as Charnley set to retire

Will Thomas-Ferrand, international practice leader at Marsh Captive Solutions, will assume leadership of the intermediary’s captive insurance business on 1 January 2025.

Blue Ocean Reinsurance makes three hires as part of growth strategy

Blue Ocean Re has appointed Nico Kleine Punte to oversee the group’s accounting operations, in addition to hiring Derek Shanahan as senior vice president and account executive, and Nancy Manyange as reinsurance accountant.

CrowdStrike event could push more cyber risk into captives

Although having a limited direct impact on captives, the recent CrowdStrike incident will likely lead to more companies assessing the possibility of utilising their captives to write cyber risk.

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LATEST PODCASTSLogo

GCP #113: The Asian Captive Market and ACC 2024

Luke shares a report from his recent visit to Singapore and Kuala Lumpur, where he attended the Asia Captive Conference 2024.

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Richard visits Abu Dhabi to talk to stakeholders with a vested interest in the captive domicile, including a local captive owner, the regulator and consultants at Aon.

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Richard is joined by AXA XL's Owen Williams and Vicky Roberts-Mills to discuss the energy transition, the related insurance challenges and the role for captives to support their parents.

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