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Micro captives listed on IRS dirty dozen list for fifth time

The IRS has listed micro captives on its dirty dozen list of "tax scams to avoid" for the fifth consecutive year

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Crumbling foundations captive to run out of funds by May 2020

The non-profit captive insurance company set up to assist Connecticut homeowners affected by the ‘crumbling foundations’ issue will run out of funds by May next year if it continues at its current rate

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Gibraltar issues no-deal Brexit guidance

GFSC has issued guidance for Gibraltar-based firms on Brexit contingency planning, with particular focus on the event of a no-deal Brexit

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Ratings of Kroger’s captives upgraded

A.M. Best has upgraded the long-term issuer credit rating of Queen City Assurance and Vince Court Assurance from "a" to "a+"

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Bermuda among captive domiciles on EU blacklist

The EU has released its updated blacklist on non-cooperative tax jurisdictions featuring a number of captive domiciles, including Bermuda

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McElhiney elected as CICA board chair

CICA has made a number of changes to its board of directors, including the election of Steve McElhiney as chair

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CICA: Captives under direct attack from OECD BEPS

The captive insurance industry is under direct attack from the OECD’s BEPS framework, according to Paul Owens, CEO of global captive practice at Willis Towers Watson

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Costco captive pays $3.6 million in Washington state settlement

Costco’s captive insurance company, NW Re limited, has become the second captive to settle with the Washington State insurance commissioner, Mike Kreidler

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CICA: Brexit is a ‘major problem for our industry’, says Owens

Brexit is a major problem for captive insurance the industry, according to Paul Owens, CEO of Willis Towers Watson’s global captive practice

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CICA: ICCIE training can help solve challenge of finding experienced regulators

ICCIE training can be a solution to the “perennial challenge” of finding experienced and qualified captive regulators, according to Steve Kinion, director, Bureau of Captive and Financial Insurance Products, Delaware Insurance Department

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CICA: Window for cannabis captives may be short

The window for captive insurance companies to provide coverage for cannabis may be short, according to David Provost, deputy commissioner for captive insurance, Vermont Department of Financial Regulation

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CICA: We must work together to police RRG ‘bad actors’

The industry must work together to police bad actor RRGs or the NAIC might look to alter the way they operate, according to Dana Sheppard

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