show' in four US cities, co-sponsored by the Bermuda Insurance Institute and the Risk and Insurance Management Society, Inc. (RIMS).

Captive Insurance Today, a half-day presentation, is one in a series of six RIMS seminars for risk management professionals. The other four seminars on different topics are typically slated for one day, in just one city.

But the captive seminar will expose Bermuda market expertise to risk managers, CEOs, CFOs, corporate counsel, consultants and other risk management professionals in four cities over four days.

It is designed as an update for those operating, or considering, a captive.

RIMS promotional material notes that the presentations will cover the use of captives in soft markets, the rise of rent-a-captives, current US tax issues and practical tips on how to develop an objective approach to domicile selection.

The speakers include president and CEO of captive manager Aon Insurance Managers (Bermuda) Ltd. Alan Cossar.

He is joined by tax specialist and Bermuda partner of international accounting firm KPMG, Jim Blankenship, who specialises in US taxation of foreign corporations, international insurance operations and alternative risk transfer arrangements.

Also on hand is Rory Gorman, senior vice president responsible for maintaining the overall standard of client service at J&H Marsh & McLennan Management (Bermuda) Ltd., which is the head office of the worldwide captive management group.

And from law firm Appleby, Spurling & Kempe is corporate partner Chesley White, who specialises in the practice of insurance and reinsurance law.

The quartet will be in Boston, New York, Washington D.C. and Chicago over four days starting November 16.

Participants will become more familiar with applicable US tax rules affecting the formation and operation of a captive.

They will also be introduced to various planning techniques which may maximise the benefits of an offshore captive.

Those attending will learn of captive uses in the current soft markets, how controlled, third party risks are being handled and the role captives can play in global programmes.

Issues to be brought to the fore concerning US tax issues include developments in premium deductibility, US trade or business issues and indirect taxation of US shareholders and federal excise tax on premiums.

BUSINESS BUC