Category: Industry News

Ohio Licenses its First Captive

Imprise Financial PCC has been licensed in Ohio, making it the first captive established in the state since it passed enabling legislation in June 2014. The protected cell company (PCC) has been set up to... read more

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