There are several tax pitfalls prospective parent companies must be aware of when setting up a captive insurance company, according to a new guide by Ernst & Young
The concessions of the Internal Revenue Service in a legal challenge of a captive insurance company have been accepted by a judge in a US Tax Court before trial
A federal judge has issued a ruling temporarily forbidding the Internal Revenue Service from enforcing Notice 2016-66 against CIC Services, pending final resolution of the case
The North Carolina Captive Insurance Association has named Brady Young as a featured speaker at its upcoming annual conference on 1 September
“The IRS was warning everyone that they would be aggressive, and aggressive they were. Clients noted that auditing agents lacked experience in the captive space or captive insurance knowledge," says Mikhail Raybshteyn
The operating performance of rated US captive insurance companies exceeded that of the commercial insurance market in 2020, according to a new A.M. Best report
CIC Services has appointed Shoshanna Simmons to lead its client services division
Cassie Bachman has rejoined Elevate Risk Solutions as managing director of operations and legal
Matthew Reddington, partner at ZMFF&J Law, sheds light on the first victory of a micro-captive against the IRS in court, after the federal agency failed to show that the captive management firm RMC Group was liable for Section 6700 penalties
Scott Simmons, director of Verve Risk Services, and Michael Maglaras, president of Michael Maglaras & Company, shine a light on abuse in the captives industry through the use of 831(b) of the Internal Revenue Code and how firms can protect themselves
As a key emerging market tapped by captives, how does the cannabis industry address risk and insurance in the face of misconceptions and a challenging federal mandate in the US?
Anne Marie Towle, Adrien Collovray and Courtney Claflin provide an overview of the current captive market, challenges that have carried over into 2022, and what’s on the horizon
Scott Simmons, director of Verve Risk Services, discusses the key decisions and oversight duties of captive insurance boards to help minimise D&O exposure risks. He highlights proper governance, planning, due diligence and accountability measures as imperative for directors
Stephen Taylor talks to Frances Jones about his role and his ambitions for the Delaware captive programme
Kerr Russell’s Eric Lark explains that due to a number of factors group captives continue to flourish
Debbie Walker of NCDOI explains why ongoing regulation of licensed captive insurance companies is the domicile’s primary focus
Travis Wegkamp of Utah Insurance Department explains that the state is seeing larger companies move to the state with more robust risk management programmes, higher premium volume, and a long-term outlook for the use of their captive
Experts discuss the state of play throughout the world’s biggest captive market
Guernsey, the Isle of Man and Jersey are working harder than ever to promote themselves as the go-to jurisdiction and capitalise on new opportunities
Although Puerto Rico may be the new kid on the block, Ruben Gely of MCH Advisors reveals that it is gaining popularity
