The US Supreme Court has ruled in favour of CIC Services in its ongoing dispute with the Internal Revenue Service regarding micro captives and the legality of Notice 2016-66, setting the stage for a showdown that could potentially see the IRS Notice enjoined.
DWF, the global provider of integrated legal and business services, has appointed Jonathan Drake as a partner to head up its non-contentious insurance advisory practice in London.
Washington state Governor Jay Inslee has signed legislation that creates a framework for captive insurers doing business in the state.
Ryan Specialty Group has expanded the underwriting capabilities of RSG Transactional Risks Europe (RSG TRE) by hiring Ulrich Schiener.
Clifford Chance has appointed partners Ashley Prebble in London and Gary Boss in New York as co-heads of its global insurance group.
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.