Captive Insurance Taxation

A captive insurance company (or “captive”) is a licensed insurer generally established to meet the risk management needs of a specific company or group of companies. Captive structures are primarily formed either to supplement existing insurance coverages, fund blocks of risk exposures, or provide coverage for atypical risks. Utilizing captive programs enables businesses to manage [...]

2019-01-31T19:44:14+00:00January 30th, 2018|BUSINESS TAX, CAPTIVE INSURANCE, INSURANCE|

2018 Update for Captives

In December 2015, the Protecting Americans from Tax Hikes Act of 2015 (PATH Act) passed and increased the previous premium limitation from $1.2 million to $2.2 million—beginning after 2016. It also added an annual adjustment for inflation to the premium limitation. As a part of the inflation adjustments for 2018, the IRS increased the 2018 [...]

2018-11-12T15:43:12+00:00January 23rd, 2018|CAPTIVE INSURANCE|

Shipwrecks and Pirates: An Origin Story About Captives

What comes to mind when someone talks to you about forming a captive? If your mind immediately goes to protecting yourself from marauding pirates, then - believe it or not - you’re on the right track! What we’re really talking about is captive insurance companies, and they are believed to have originated with ship owners [...]

2018-11-12T15:44:46+00:00June 19th, 2017|CAPTIVE INSURANCE|