First captives are likely to be formed next year.
US reinsurer says it’s not liable for settlement following University of Michigan sexual misconduct payout.
Collas Crill has hired five litigation attorneys in Cayman as it expands its dispute resolution practice.
Captive manager CIC Services has again asked a Tennessee court for injunctive relief to prohibit the Internal Revenue Service (IRS) from enforcing CIC’s compliance with Notice 2016-66.
John Carney, the governor of Delaware, has signed into law a new captive insurance bill that enhances the flexibility of the state’s offering to captive insurance companies.
A setback for the IRS at the US Supreme Court is not going to stop it from going after micro-captives, warns Lance Wallach, who offers consultancy services to captive insurers, fights the IRS and has never lost a case as an expert witness.
The Vermont Department of Financial Regulation’s captive insurance division has received another five-year accreditation from the National Association of Insurance Commissioners (NAIC).
The Missouri Department of Commerce & Insurance (DCI) has hired a new captive manager to develop and implement strategies to enhance its captive insurance offering.
The Financial Action Task Force (FATF), the global money laundering and terrorist financing watchdog, has added Malta to its so-called grey list of countries under increased monitoring.
The State of Connecticut has provided another $100 million of financing to the Connecticut Foundation Solutions Indemnity Company (CFSIC), the captive insurance company established to protect homeowners suffering from crumbling foundations due to the iron sulfide mineral pyrrhotite.