If the UK introduces a competitive captive regime, the jurisdiction has the potential to be a bigger domicile than France, largely due to its robust insurance ecosystem, according to Stephen Massey, insurance tax specialist at Ernst & Young (EY).

As employee benefits (EB) programmes develop and companies look to negate rising health care costs, captives can be the “perfect fit” for firms, according to MAXIS Global Benefit Network CEO, Mattieu Rouot.

Richard is joined by London-based Stephen Massey, insurance tax specialist at Ernst & Young LLP, to discuss how the international tax treatment of captives has changed over the years and possible consequences of a UK captive regime.

The Commonwealth of the Northern Mariana (CNMI) Islands implemented its own captive legislation permitting a captive industry and captives to be licenced and domiciled in the jurisdiction.

President Donald Trump’s ongoing tariff saga has led to increasing uncertainty, inflationary pressures, and supply chain issues that are causing a headache for captives and insureds.

AIG has rehired Pierrick Livet as head of multinational, Bermuda.

AM Best has upgraded the financial strength rating to A (excellent) from A- (excellent) and the long-term issuer credit rating to “a” (excellent) from “a-” (excellent) of Vermont domiciled National Guaranty Insurance Company of Vermont (NGIC). The outlook of these credit ratings has been revised to stable from positive.

MAXIS Global Benefits Network (MAXIS GBN) has added Care Plus, one of the largest premium healthcare providers in Brazil, to its benefits network. Care Plus will offer medical coverage to MAXIS GBN’s captive clients across Brazil. The Brazilian company will provide...