Here at Captive Review we’ve had a busy couple of months, preparing for two of the biggest issues of the year: the World Domicile Update issue and the Power 50 issue.
Our World Domicile Update is our annual update to how captive numbers have changed in the previous year, tracking how many captives domiciles have gained (and lost). With the issue out neck month numbers have been coming in and there are some interesting trends emerging, particularly when it comes to the growth of cell or microcaptives.
Our Power 50 issue, which is eagerly anticipated each year, will be published in May. Voting is currently open, and will end on 12 April. After only three days of voting more than 1,400 votes had already been cast, making this year set to be the biggest ever.
In this issue, we explore a number of topical issues in the captive industry. On page 10 we look at the latest news in the Washington State captives tax saga, giving all the details on the proposed captive bill and why it will net the state $34.2 million in its first year.
Our captive owner profile this month is with Courtney Claflin, who talks in depth about the University of California’s captive reinsurance program and how he built up a tower of insurance to help during the hard market.
In our Final Word feature, Debbie Walker from the North Carolina Department of Insurance looks at the increase in requests for loan backs as Covid-19 hits parent companies.
Make sure you check out our cover feature on the new Biden Administration’s tax plan, delving into how the proposed policies will impact captives.
Eleven months into this pandemic, it finally looks like there is light on the horizon. I hope that you all remain safe and healthy, and that we’ll all be able to get together in person very soon.