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A CELEBRATION HUGH ROSENBAUM CICA: 40 years of captive leadership 40 1984 1985 1986 1987 1988 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 CAPTIVE INSURANCE COMPANIES ASSOCIATION 16 CICA | Forty Years of Service


CICA: Forty years of captive leadership is published by Newton Media Limited 15-17 Newton Way Woolsthorpe-by-Colsterworth NG33 5NR United Kingdom www.newtonmedia.co.uk


Telephone: +44 203 301 8201 Fax: +44 207 681 1248 Email: info@newtonmedia.co.uk Website: www.newtonmedia.co.uk


©Newton Media Limited 2012. All rights reserved.


No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electrical, mechanical, photocopying, recording or otherwise without the prior written permission of the publisher.


The views expressed in CICA: Forty years of captive leadership are not necessarily those shared by the publisher, Newton Media Limited, or by the Captive Insurance Companies Association (CICA). Wishing to reflect the true nature of the market, the editor has included articles from a number of sources, and the views expressed are those of the individual contributors. No responsibility or liability is accepted by Newton Media Limited, the editor or CICA for any loss to any person, legal or physical, as a result of any statement, fact or figure contained in CICA: Forty years of captive leadership. This publication is not a substitute for advice on a specific transaction. The publication of advertisements does not represent endorsement by the publisher or CICA.


CICA: Forty years of captive leadership —ISBN 978-0-9562386-1-0


Newton Media is delighted to be able to join the Captive Insurance Companies Association (CICA) and its members in celebrating the association’s 40th birthday. CICA has come a long way since its humble beginnings back in 1972 when a handful of captives decided to band together to discuss concerns, with a membership today of more than 400 organisations and an increasingly prominent role in the world of captives.


This anniversary edition is a celebration both of CICA’s past achievements and its ongoing commitment to the captive industry. Drawing together thoughts from CICA chairmen past and present, senior members of the CICA board, industry luminaries, service providers and captive domiciles from around the world, this edition provides a detailed overview of the world of captives and CICA’s role within it.


Taking in a sweep of issues—from the history of CICA and the captive industry; captive variation and differentiation; tax issues and regulation to new and seasoned domiciles—this anniversary edition is an invaluable record of captive development and future expectations.


We congratulate Dennis Harwick, CICA and all its members on the success of the association’s first 40 years. Here’s hoping the next 40 will be as fruitful for CICA and captive insurance. l


Directors and publishers Nicholas Lipinski and John Eddington


Associate publisher Robin Johnson


Telephone: +44 203 301 8202 Email: rjohnson@newtonmedia.co.uk


Editor


Nicholas Comrie Telephone: +44 203 301 8212 Email: ncomrie@newtonmedia.co.uk


Contributing editor Roger Crombie


Sub-Editor Ros Bromwich


Project Manager Mark Payne


Telephone: +44 203 301 8219 Email: mpayne@newtonmedia.co.uk


Production and design Fallon Design Associates Inc.


www.fallondesignassociates.com


CICA | Forty years of captive leadership


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CICA: 40 years of captive leadership


A Newton Media Publication


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