News - Captivereview

News

Wednesday, February 26, 2025

Mark Richardson

Hawaii approves 17 new captive formations in 2024

Tags: Captive formations, Hawaii

The number of captives domiciled in Hawaii increased to 272 after another strong year of growth for the state ...

Tuesday, February 25, 2025

Mark Richardson

CIC urges rapid Congress action to overturn IRS’ final 831(b) rules

Tags: 831(B), CIC Services, IRS, Micro-captives

Under the Congressional Review Act, Congress has a limited window to introduce a resolution to overturn this regulation CIC...

Tuesday, February 25, 2025

Mark Richardson

Captive of Saudi Arabian Mining Company has ratings affirmed

Tags: AM Best, Captive ratings, Ma'aden, UAE

The captive underwrites the company’s whole property damage and business interruption reinsurance programme and is expected to expand into additional...

Monday, February 24, 2025

Mark Richardson

Captive manager Strauss sentenced to nine months for transferring fraudster funds to prevent government seizure

Tags: court case, Hamilton Captive Management, Peter J. Strauss

Hamilton Captive Management founder Peter J. Strauss, distributed money from Jeff and Paulette Carpoff to their Hamilton-managed captive insurance funds,...

Friday, February 21, 2025

Mark Richardson