The Tennessee Department of Commerce and Insurance (TDCI) has received accreditation from the National Association of Insurance Commissioners (NAIC).
Labuan International Business and Financial Centre (Labuan IBFC) has signed a Memorandum of Understanding (MoU) with the Qatar Financial Centre Authority (QFC) in an agreement designed to strengthen financial ties between the two centres.
The Bermuda Monetary Authority (BMA) confirmed the registration of DNA Genetics Insurance with a class two license in March 2021, allowing it to operate as a multi owner captive.
Participants in abusive micro-captive insurance arrangements should exit these transactions as soon as possible, Internal Revenue Service (IRS) officials have warned.
Dentons, the law firm, has named Nick Williams as partner in the corporate practice.
Davies, the specialist professional services and technology business serving the insurance industry, has promoted Allison Carr to the role of chief executive officer (CEO) of Keoghs, its legal solutions business.
The Washington State government has established a framework for registering and imposing premium tax on eligible captive insurance companies.
The 831(b) or micro-captive industry has been dealt a fresh blow this week, with a US tax court ruling yet another micro-captive could not be considered insurance for Federal tax purposes.
The South Carolina Captive Insurance Association (SCCIA) has reminded its members that the South Carolina Department of Insurance (SCDOI) neither encourages nor requires captive owners or board members to visit the state for board meetings in 2021.
Alabama’s state legislature is examining a captive bill that will expand the state’s offering of alternative investment vehicles with three new categories of captives, for agency captives, reinsurance captives and special purpose finance captives.