Category: Industry News

Amendments to Delaware Captive Law

On June 24, 2015, Governor Jack Markell signed House Bill 15 (“HB 15”), which added to and clarified Delaware’s captive insurance statute. HB 15 makes numerous amendments to the captive insurance statute, mostly with respect... read more

First Cayman PIC Formed

Following Cayman legislation being brought into force in 2015 to allow Cayman SPC insurers to form Portfolio Insurance Companies (PICs – the Cayman model for incorporated cell companies) the first Cayman PIC has been incorporated. ... read more

TrustCo Bank v. Mathews

Among the various decisions to be made when implementing a new captive insurance company is election of ownership.  It is not unusual for our clients to consider the use of a trust as potential owner... read more

Delaware Explores European Market

As of September, Delaware established itself as the sixth large captive insurance domicile in the world.  A majority of its growth has come from captives making the 831(b) tax election.  The Delaware Department of Insurance... read more