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Fenchurch Law forms reinsurance and international risks practice group

Fenchurch Law, a UK legal firm specialising in working for policyholders and brokers in insurance coverage disputes, has launched a reinsurance and international risks practice group

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Delaware amendments allow use of captives for D&O cover

The Delaware state legislature has passed Senate Bill 203 to amend Title 8 of the Delaware Code, allowing corporations to use captives for directors’ and officers’ liability insurance

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Higginbotham acquires employee benefits agency

Insurance and financial services firm Higginbotham has acquired J.M. Insurance Agency, an independent broker of property and casualty insurance, workers’ compensation and employee benefits

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CICA reveals essay contest finalists

The Captive Insurance Companies Association has named the three finalist teams in its essay contest for risk management and insurance college students, sponsored by Strategic Risk Solutions

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BevCap names MSL captive leader

BevCap Management has appointed Lindsey LeDuc as vice president of HatterasRe operations, the alternative risk management firm’s healthcare medical stop-loss captive

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GCAC reveals intent for cannabis cell captive stake

Global Cannabis Applications Corp has signed a letter of intent to acquire 33 per cent of Blue Anchor Risk Solutions’ cell captive insurance company focused on cannabis growth operations in South Africa

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Cyber insurance provider forms captive reinsurer

Resilience Cyber Insurance Solutions has formed a captive reinsurance company as part of its developing approach to cybersecurity risk management

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North Carolina’s Debbie Walker to retire as head of captives

Debbie Walker is set to retire as head of captives division and senior deputy commissioner of the North Carolina Department of Insurance, effective 31 March, after 30 years at the department

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SCDOI names Joe McDonald as director of captive division

The South Carolina Department of Insurance has appointed Joe McDonald as director of the captive insurance division, effective 2 February

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CCRS adds Pool Re CEO as executive-in-residence

The Cambridge Centre for Risk Studies at the University of Cambridge Judge Business School has appointed Julian Enoizi as executive-in-residence, effective 1 February

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A.M. Best affirms State Street captive

A.M. Best has affirmed the financial strength rating of ‘A-’ (Excellent) and the long-term issuer credit rating of ‘a-’ (Excellent) of Federated Underwriting Company, the single-parent captive of global financial services firm State Street

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IRS gears up for “abusive tax” audit caseload

The Office of Chief Counsel of the Internal Revenue Service has revealed its plans to hire as many as 200 new attorneys as part of the agency’s contest with “abusive arrangements"

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