The IRS has claimed another victory against micro captives in US Tax Court after Judge Robert Ruwe ruled in its favour in Syzygy Insurance v Commissioner of Internal Revenue

Guernsey has met with the Managing General Agents Association as the domicile looks to develop its MGA sector

BevCap Management has appointed Curtis Hoppe as director of claims and risk management

Georgia has passed legislation that amends the state’s captive insurance statute and authorises the use of protected cell companies

A number of European market leaders, including Zurich, Allianz and AXA Insurance, will be present at the Connected Insurance Europe conference this year

Blue Whale Re, the captive insurer of global pharmaceutical company Pfizer, has had its financial strength rating of A (Excellent) and its long-term issuer credit rating of “a+” affirmed by A.M. Best

Microsoft’s captive insurer, Cypress Insurance, has failed in its attempt to recoup $175 million from chip manufacturer SK Hynix, following a federal jury decision in a breach of contract lawsuit in the Seattle

A Vermont bill proposing a number of updates to its captive insurance statute, including alterations to its financial examinations requirements, has been given the final approval by the Senate and House

Tokio Marine Kiln, the international insurance underwriting and services business of the Tokio Marine group, has appointed Will Curran as head of reinsurance, effective 1 April 2019

Leadville Insurance, the wholly-owned captive insurer of Macy’s, may have to pay nearly $24 million in tax, penalties, and interest, following a court decision

Energi has appointed former Oklahoma insurance commissioner John Doak and former North Carolina insurance commissioner Wayne Goodwin to its board of directors

Rational pricing at the 1 April renewal date highlights the stability and maturity of the reinsurance market, according to Willis Re 1st View