New York, NY— A recent report from the President’s Working Group on Financial Markets confirms that the federal terrorism risk insurance backstop remains a vital component of adequate coverage, even as capacity in the commercial markets increased and prices declined. However, gaps still exist that captives can efficiently fill.
St. James, Barbados (November 29, 2018) — In a historic move, Barbados restructured its corporate tax system, putting it in compliance with the Organisation for Economic Co-Operation and Development (OECD) and its Base Erosion and Profit Shifting (BEPS) initiative.
ESTABLISHING AND OPERATING A CAPTIVE INSURANCE
JLTIM Domicile Review
St. James, Barbados (April 11, 2018) — JLT Insurance Management (JLTIM) Barbados has named Michelle N. Headley Manager, Corporate Administration, effective April 19, 2018.
TABLE OF CONTENTS
1. CAPTIVE BASICS
2. UTILIZATION MODELS
3. UNDERSTANDING THE CAPTIVE PROCESS
Barbados as a Domicile
Barbados Regulatory Environment
St. James, Barbados (January 24, 2018) — The Council of the European Union announced yesterday that it was removing Barbados and seven other countries from its “list of non-cooperative jurisdictions for tax purposes”
* Recent Disasters Put Spotlight on the Role of Captive Insurance
* Captive Insurance Helps Stabilize Companies’ Bottom Line
BURLINGTON, VERMONT (SEPTEMBER 18, 2017) – The recent spate of natural disasters has focused a spotlight on catastrophic losses. “Captive insurance,” says JLT Insurance anagement’s Anne Marie Towle, “can play an important role in helping organizations defray some of the related financial losses.
THE BARBADOS DOMICILE
Barbados continues to be recognized internationally as a preferred jurisdiction for foreign investment, as evidenced by the increasing number of entities registering International Business Companies within the country. Its expanding network of Double Taxation Agreements (DTAs) and Bilateral Investment Treaties (BITs) with countries across the globe adds to its attractiveness. To date, Barbados has thirty-seven (37) DTAs in force and over four thousand (4,000) registered international business entities.
St. James, Barbados (September 10, 2017) — JLT Insurance Management (JLTIM) Barbados Executives Ricardo Knight and Kirk Cyrus will be among the Barbados delegation attending the RIMS 2017 Canada Conference, September 24-27, at the Metro Toronto Convention Centre in Toronto.