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Courtney Boles joins RMC Group captive division

Courtney Boles has joined RMC Group as a captive risk consultant. Boles is responsible for building relationships and soliciting new business for the captive division

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ARX Insurance joins MAXIS Global Benefits Network

Ukraine based ARX Insurance has become the latest insurer to join the MAXIS Global Benefits Network

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A.M. Best upgrades Vermont-based RRG rating

A.M. Best has revised the outlooks to positive from stable and affirmed the financial strength rating of A- and the long-term issuer credit rating of “a-” of Community Hospital Alternative For Risk Transfer, a reciprocal risk retention group

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A.M. Best removes Ocean Re from under review

A.M. Best has removed Ocean International Reinsurance Company Limited, based in Barbados, from under review with developing implications and affirmed the financial strength rating of A- and the long-term issuer credit rating of “a-”

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Petroleos Mexicanos captive assigned ‘good’ ratings

A.M. Best has assigned a financial strength rating of B++ and a long-term issuer credit rating of “bbb+” to Kot Insurance Company AG, based in Switzerland

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Industry reacts to IRS’ latest micro captive ‘scare tactics’

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

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IRS expands enforcement on micro captives as October filing deadline looms

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

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Fitch Ratings affirms Credit Agricole captives

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

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American Financial to sell its run-off Lloyd’s-based insurer

American Financial Group has reached a definitive agreement to sell GAI Holding Bermuda and its subsidiaries, comprising the legal entities that own its Lloyd's of London insurer Neon to RiverStone Holdings

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ICCIE makes ACI maintenance programme more affordable

The ICCIE has made changes to its ICCIE continuing education subscription programme and the ACI Alumni Network, making the maintenance of the Associate in Captive Insurance designation more convenient and more affordable

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CICA reveals student essay contest topics

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

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Vermont names new captive insurance director

Brittany Nevins has been appointed as the new director captive insurance at the Vermont Department of Economic Development

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