The appeal challenges the US tax court’s rulings in the Reserve Mechanical captive insurance case
The IRS' statement "is a combination of past talking points that are meant to scare business owners utilising captives into exiting their captive structures, regardless of whether they are doing the right thing or not”, says Ryan Work of SIIA
The IRS said taxpayers should not assume it will able to settle any transactions with the IRS or chief counsel on terms more favourable than the previously announced settlement offers
The ratings reflect Fitch’s view that CAA and CAR are core captive companies of Credit Agricole, and that its regional banks will provide support to the core captive insurance subsidiaries if needed
CICA has selected college student housing, classic auto sales and collision centres and State Dental Association as the case study topics for the 2020 to 2021 essay contest for college insurance and risk management students
The report highlighted the trend of increased captive use continuing in the first half of 2020 amid an increase in challenging insurance market conditions and the impact of the global COVID-19 pandemic
A.M. Best has affirmed the financial strength rating of A (Excellent) and the long-term issuer credit rating of “a” of Cosco Shipping Captive Insurance Company, located in China
A.M. Best has affirmed the financial strength rating of A- (Excellent) and the long-term issuer credit ratings of “a-” of the US-based operating subsidiaries of Fortegra Financial Corporation
