Applied Filters
CIC vows to take IRS battle to the Supreme Court
CIC Services has warned the Internal Revenue Service that its battle against the tax authority’s “abuse of law-abiding taxpayers is not over,” vowing to take its case all the way to the Supreme Court.
US Court of Appeals declines to review CIC case against IRS
The US Court of Appeals for the Sixth Circuit has declined to review the case of CIC Services versus the Internal Revenue Service (IRS), which was found in favour of the IRS in 2017.
Economic substance regulation could spell trouble for offshore captives
Economic substance regulation enacted to appease the EU is undermining the business case for offshore captives, according to Mark Chudleigh, a partner at Kennedys in Bermuda.
University of California to launch fifth captive
The University of California (UC) will launch its fifth captive, Sequoia IC, within the next 60-90 days, subject to regulatory approval.
Carr, Riggs & Ingram expands presence in Mississippi
Accountancy and advisory firm Carr, Riggs and Ingram (CRI) has expanded its presence in Mississippi via a merger with WM. F. Horne and Company.
Law firm PF+C appoints captives specialist as president
Attorney Peter McDougall, a captives specialist, has been elected as the new president and treasurer of law firm Paul Frank + Collins (PF+C).
Captives could drive innovation in cyber market amid GDPR crackdown
A growing number of companies falling foul of general data protection regulations (GDPR) highlights the need for comprehensive cyber coverage. It could also incentivise the formation of more captives, if cyber providers do not up the quality of their offerings, according to experts.
Fleet maintenance provider brings in captives experience with new hire
TTN Fleet Solutions has hired Tyler Harden as vice president of its service provider network. Harden has experience of developing, creating and launching a captive insurance program, TowCap Premier, which was the first of its kind in the heavy duty towing industry.
Captive promoters sued for exacerbating client's tax burden
Few insurance carriers offering meaningful cyber coverage, warns Zurich captives chief
“Despite the fact that there are more than 100 insurance carriers that offer cyber coverage, there are only a handful of global insurers offering meaningful capacity for large international corporate customers on a primary basis,” according to Paul Woehrmann, head of captive services at Zurich Insurance Company.
