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CIC Services victory as Notice 2016-66 is set aside

A ruling by the US District Court for the Eastern District of Tennessee has ordered for the Internal Revenue Service to set aside Notice 2016-66 in its abiding suit against captive manager CIC Services

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BRIM: The impact of data and analytics on underwriting

Data and analytics capabilities are becoming increasingly important ‘table stakes’ in the property and casualty sector across Europe, North America and Asia, according to a session at the Barbados Risk and Insurance Management conference

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BRIM: Ransomware has “changed the game” of cyber insurance

Cyber insurance is not an exhaustive replacement for robust security capabilities, warns Niel Harper, founder and chairman of Octave Consulting Group, in a session at the Barbados Risk and Insurance Management conference

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BRIM: Captives have a “higher value proposition”

Companies of all shapes, sizes and industries are evaluating their alternative risk financing strategies in response to the continued hard market conditions, according to a session at the Barbados Risk and Insurance Management conference

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Captive industry coalition files amicus brief in DDOI case

Nine captive insurance domicile associations and the Self-Insurance Institute of America have filed an amicus brief in support of state insurance regulation in the ongoing case, United States of America v. Delaware Department of Insurance

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Risk Strategies expands employee benefits practice

Specialty insurance brokerage and risk management firm Risk Strategies has acquired Cambridge Advisory Group, expanding its existing national employee benefits practice

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Zurich North America names Adriana Scherzinger as US head of captives

Zurich North America has appointed Adriana Scherzinger as head of captives and sales execution for US national accounts

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Cowbell Cyber raises US$100m in funding

Cyber insurance provider Cowbell Cyber has raised US$100 million in Series B funding to facilitate further investment in cyber risk underwriting for small and medium-sized enterprises

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Align expands into southwest with Montera acquisition

Captive insurance management and risk consulting group Align Risk Solutions has acquired Montera Captive Insurance Management, an Arizona-based captive insurance manager

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NCAA forms captive ahead of March Madness

The National Collegiate Athletics Association has formed a captive ahead of its 2022 tournament to provide directors’ and officers’ liability and event cancellation coverage

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PMA adds Vince Perrotta as senior captive underwriter

PMA Companies has appointed Vince Perrotta as senior underwriting specialist within the specialty markets division

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CICA announces 2022 board

Renea Louie, chief operations officer of Pro Group Captive Management, will assume the position of chair for CICA’s 2022 board

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