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Maryland Tax Court dismisses Macy’s captive $24m tax bill

The Maryland Tax Court has ruled that Leadville Insurance Company, the wholly-owned captive insurer of MRH, the parent company of the Macy’s department store franchise, will be exempt from paying a $23.8 million tax bill

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Benjamin Whitehouse named president of ICCIE board

Benjamin Whitehouse, attorney at Butler Snow, will serve as president of the governing board of the International Center for Captive Insurance Education for 2020 to 2021

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Third Point Re and Sirius Group set to combine

Third Point Reinsurance, a speciality reinsurer, and Sirius International Insurance Group, a global multi-line insurer and reinsurer, have entered into a definitive agreement to combine in a cash and stock transaction

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R&Q acquires interest in New York-based managing general agent

Randall & Quilter Investment Holdings has reached an agreement to merge its wholly-owned subsidiary, Sandell Re, with Tradesman Program Managers in return for a 35 percent interest in the combined entity

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Landlords to look at captives for resident-driven risk

Property owners and managers should look to a captive insurance arrangement to take on resident-driven risk, according to Bobby Mayer, Director of Resident Programs, Global Real Estate Practice at Beecher Carlson

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Eileen Currie to lead eMaxx’s insurance operations

Eileen Currie has been appointed president and CEO of eMaxx’s insurance operating companies

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BP’s captive ratings affirmed

A.M. Best has affirmed the financial strength rating and the long-term issuer credit rating of Saturn Insurance Inc. and Jupiter Insurance Limited

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DARAG makes first Luxembourg company acquisition

DARAG Group has acquired Arisa Assurances, an automobile and travel insurance company based in Luxembourg

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GEB UK and Bupa agree commercial partnership

Generali Employee Benefits UK and Bupa have agreed a commercial partnership initiative to drive forward wellbeing programmes designed for UK employers who are part of a multinational group

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CICA settles conference cancellation insurance claim

The Captive Insurance Companies Association has settled its event cancellation insurance claim with Tokio Marine HCC for the CICA 2020 conference, which was cancelled due to COVID-19

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Tennessee appoints a new director of business development for the insurance division

Joshua Clark has joined the Tennessee Department of Commerce and Insurance as the new director of business development for the insurance division

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William Wood joins newly created role at Artex

William Wood joins Artex as director, captive and commercial for their Bermudian operations

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