CAPTIVE BENCHMARKING

Released last week at the 2014 RIMS Annual meeting, the Marsh report contains a lot of interesting information regarding captives.  Some of the benchmarks included were:

  • 66% of the total captive count are single parent captives
  • Of the captives treated as insurance companies for tax purposes, 47% use a “brother/sister” approach, 42% use third party risk, and 11% use a hybrid of the two approaches.
  • Of the non-traditional coverages written in captives, crime insurance tops the writings, with medical stop loss or another layer of a self insured health plan also growing in popularity.

See the press release and article here:

“Majority of US-Owned Captives Not Generating Tax Benefits: Marsh”- Article written by Marsh on Tuesday, April 29, 2014, Article posted by The Wall Street Journal on Tuesday, April 29, 2014

(http://online.wsj.com/article/PR-CO-20140429-915886.html)

 

And the full report:    “The Evolution of Captives: 50 Years Later” by Marsh USA published April 29, 2014:

http://usa.marsh.com/NewsInsights/MarshRiskManagementResearch/ID/37880/2014-Captive-Benchmarking-Report-The-Evolution-of-Captives-50-Years-Later.aspx

Capterra Welcomes Michael A. Scott as the Fiscal Officer

Michael's Photo - sized

Capterra Risk Solutions welcomes, Michael A. Scott.  Michael came to Capterra with a formal education and professional work experience in accounting, audit, and tax.  As our new Fiscal Officer, he is responsible for the accounting and financial matters of all of our captives under management as well as providing oversight during the formal financial audit process with our outside vendors/CPA firms.  We are very excited to have Michael on board.  To read Michael’s full bio, please visit http://capterrarisk.com/about-us/our-team/michael-scott/.