Willis' Owens: Captives Becoming Tool to Protect Pension Risk

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Paul Owens, CEO, global captive practice, Willis Towers Watson said captive organizers are exploring how to reinsure pension risk through captives. That would remove some issues from becoming impediments to mergers and acquisitions, he said.

 

Vermont's Provost: Proposed Bill Reduces Taxes for New Captives

David Provost, deputy commissioner, Vermont Captive Insurance Division, said a proposed tax change in Vermont would lower tax credits and extend them from one to two years for new captives.

 

NRRA's Myers: Soft Market Takes a Toll on Risk Retention Groupsers

Attorney Skip Myers, who serves as general counsel to the National Risk Retention Association, said the number of active risk retention groups has dropped in recent years as some opt for coverage in the commercial market.

 

Montana's Matthews: Proposed Bill Would Allow Captives to Become Dormant

Steve Matthews, captive coordinator, Montana, said a bill in the state's legislature would allow captive owners to shelve their captive temporarily, returning to operation when conditions change.

 

Zurich's Bauman: Captives May Lead the Way in Customized Cyber Cover

Steve Bauman, senior vice president, Zurich, said captive insurers are now covering cyber and he expects they will become more varied and creative than standard policy writers in how they fit the coverage to the need.

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