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

It is with our heavy hearts, Oxford announces the passing of our dear friend, Richard C. (Dick) Goff.  Dick was the Managing Director of The Taft Companies, part of Oxford’s Best-in-Class Service Providers, who maintains... read more

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

Each year the IRS releases a list of tax avoidance schemes it intends to focus on for the upcoming year, and improper captive insurance company arrangements have made the list again for 2015. The key... read more

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

Last week, Connecticut Gov. Dannel P. Malloy announced that Connecticut-based health insurer, Aetna, is establishing its captive insurance company in its home state.  Aetna previously had captive insurance operations in Bermuda, making this homecoming particularly... read more

The Financial Regulation Standards and Accreditation Committee of the National Association of Insurance Commissioners (NAIC) will be meeting in Washington, DC on November 16th. The proposed definition of “multi-state reinsurer” will be the primary focus... read more

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