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Microsoft case: issues for captives not going away

The issues caused for captive insurance companies by the Microsoft case and the comments of commissioner Mike Kreidler are not going away, according to John Dies, managing director of tax controversy at alliantgroup

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Illinois captive framework reform vetoed

A bill that could provide a landmark captive framework reform in Illinois has been vetoed by governor Bruce Rauner

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LMA names Cameron as new CEO

Sheila Cameron will be the next Lloyd’s Market Association CEO, succeeding David Gittings, who is stepping down at the end of the year after 12 years in the role

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BevCap improves EB offering with Reflexion partnership

BevCap Management, a programme manager for captive insurance companies, has formed a strategic partnership with Virtual physical health company Reflexion Health

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Maxseguros ‘excellent’ ratings affirmed

Maxseguros EPM has had its financial strength rating of A- (Excellent) and the long-term issuer credit rating of “a-” affirmed by ratings agency A.M. Best

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NCCIA: Colombik, Eveleigh, and Reich recognised for their roles

Jeremy Colombik, Martin Eveleigh, and Jonathan Reich have all received the distinguished service award for their work with the North Carolina Captive

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NCCIA: IRS scrutiny has lead to more companies coming onshore

Tax reform, IRS scrutiny, and the paradise papers are all reasons why more captives are redomiciling onshore, according to Mark Elwell, vice president of risk at RMC Group

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LIIBA proposes post-Brexit equivalence regime for insurers

The London and International Insurance Brokers’ Association has proposed that the UK Government seek a workable equivalence regime for insurers in Brexit negotiations

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NCCIA: black market is the cannabis industry’s largest problem

The largest problem for cannabis is the black market according to Matthew Queen, chief compliance officer and general counsel of venture captive management

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NCCIA: obligations need to be met for alternative investments

When it comes to alternative investments, you need to meet your obligations, according to Rob Ramos, senior account executive at JLT Insurance management

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PartnerRe fined €1.5 million by Central Bank

Dublin-based insurers PartnerRe Ireland Insurance dac and Partner Reinsurance Europe SE have been reprimanded and fined a combined €1.54 million by the Central Bank of Ireland

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NCCIA: the captive industry has positively impacted NC’s economy

The captive insurance industry has positively impacted the economy of North Carolina, according to chief deputy commissioner of the North Carolina Department of Insurance Debbie Walker

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