SIIA has written a letter in response to Executive Order 13924, asking for the treasury and office of management and budget to direct the IRS to more appropriately define captive guidance while more efficiently and cost-effectively collecting the app
Vermont’s governor Phil Scott has signed new legislation to strengthen the state’s captive insurance laws, increasing efficiencies as well as adding flexibility to regulatory policy and procedures
The Connecticut Foundation Solutions Indemnity Company has completed 150 foundation replacements since its launch on 10 January 2019
The new rent-a-captive, Transportation Owners Protection Insurance Cell (TOPIC), will offer the advantages of captive ownership but with the ease of renting, according to Artex
Brady Young, president of SRS, explained that expanding into the Latin American market is “strategically important” to the business
Willis Towers Watson has launched the Homestead Insurance Company Incorporated Cell, a group captive solution designed for upper middle-market companies
Xavier Veyry has been named as CEO of AXA XL Asia and Europe, and will be based in Dublin, Ireland
The Dubai International Financial Centre, a financial hub for the Middle East, Africa and South Asia markets, has revealed the region has seen a sustained performance in its reinsurance sector
Cayman International Insurance has cancelled the Cayman Captive Forum due to uncertainty around the COVID-19 pandemic, economic downturn, border closures, and current state of the hospitality industry on the island
Randall & Quilter Investment Holdings' wholly-owned Vermont subsidiary ICDC has entered into a stock purchase agreement to acquire NationsBuilders Insurance Company, a Washington DC-domiciled captive
The Self-Insurance Institute of America advocated for the Pandemic Risk Insurance Act of 2020 (PRIA) to include captive insurance participation in its early stages, according to Ryan Work, vice president of government relations for SIIA
The IRS “made no friends” in the industry or congress by sending letters taxpayers seeking information about their participation in micro-captive insurance transactions after the US declared a national emergency, according to Sean King of CIC Service