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Analysis
Insurance agency Alera Group has acquired Bailey & Company Benefits Group, and employee benefits firm based in Ohio. 13 December 2018
Accounting & tax analysis
The Washington Office of the Insurance Commissioner is offering captives that have unlawfully insured any risk in the state in the past 15 years a self-reporting period of 18 months to pay significantly reduced fines. 12 December 2018
Analysis
Arthur J Gallagher has entered into an agreement to acquire Captive Insurance Company Design and Operations, a Chicago-based captive consultant formed by Clarity Group in 2002, with a focus on medical and professional liability. 12 December 2018
Accounting & tax analysis
An Arizona-based lawsuit is seeking damages from a group of defendants including Artex Risk Solutions, Arthur J Gallagher among other captive service providers for conspiring to design, promote, sell, implement and manage illegal tax-advantaged captive insurance strategies using unlawful attempted 831(b) elections. 10 December 2018
Analysis
Insurance programme provider Energi has appointed Michael Windstein as chief underwriting officer. 10 December 2018
Analysis
Ratings agency AM Best has affirmed the financial strength rating of B++ (Good) of AES Global Insurance Company (AGIC), the Vermont-based single-parent captive of power company AES Corp. 6 December 2018
Analysis
Berkley Accident and Health, a subsidiary of WR Berkley, has appointed Brad Nieland as president and CEO 5 December 2018
Analysis
Bermuda-based pension risk transfer provider Athene has agreed a pension plan termination transaction with US pharmaceutical company Bristol-Myers Squibb. 5 December 2018
Analysis
The Illinois General Assembly has voted to override the governor’s amendatory veto of SB 1737, a bill that would overhaul the state’s captive insurance laws. 3 December 2018
Analysis
The launch of the non-profit captive that will distribute remediation funds to assist homeowners with crumbling concrete foundations, Connecticut Foundation Solutions Indemnity Company (CFSIC), has been delayed. 26 November 2018
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