News
New York provides $2m loan to affordable housing captive
Vermont-domiciled Milford Street was formed in July 2024 and is owned by members of New York’s affordable housing industry to combat rising liability insurance premiums.
Ci DataHub: Major Utah health group launches ‘home state’ captive
Utah has licensed a new captive for a NYSE-listed healthcare firm that already owns a Bermuda-based entity, in a rare move for a domicile that has relatively few captives owned by...
Fortune 500 energy firm redomesticates Vermont captive to Texas
Recent updates to the list of Texas-regisitered insurance companies show that Energy Protection Insurance Company was licensed on 31 March.
Adam Miholic rejoins Marsh Captive Solutions
Chicago-based Miholic rejoins Marsh, where he first began his career in captives a decade ago.
Group captives Ascot’s largest growth potential – Mark Benz
The carrier went live with their captive proposition toward the end of 2024, with Benz appointed to head the unit.
Plaintiffs appeal IRS ‘transactions of interest’ ruling on 831(b) captives
In a formal Notice of Appeal, Drake Plastics Ltd. Co., Drake Insurance Co., and Strategic Risk Alternatives, LLC confirmed they will take the case to the United States Court of Appeals for the Fifth Circuit.
Hawaii to introduce SB 2043 refining captive examinations
Under the new legislation, captives, excluding risk retention groups (RRG), will undergo an initial examination within five years of licensure.
UK to expand PCCs as part of captive framework
The expanded PCC legislation is expected to come after the captive framework is implemented in 2027.
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LATEST PODCASTS
Short: Life Time – Building a diversified captive
We bring you an in-depth captive case study on Life Time, Inc, a publicly listed chain of health clubs, which has owned a captive in Vermont since 2017.
Short: Vermont’s new captive leaders
In this GCP Short, produced in partnership with the State of Vermont, Richard features the State’s new generation of captive leaders.
#133: CICA and Association Leaders Debate
Richard brings listeners two conversations recorded at the CICA International Conference that took place from 8 – 10 March in Desert Spring, California.