Marsh & McLennan Companies completes $5.6bn JLT deal
Marsh & McLennan Companies (MMC) has completed its $5.6 billion acquisition of Jardine Lloyd Thompson.
R&Q gets Irish regulatory approval for Coffey Western Captive deal
The Central Bank of Ireland has granted regulatory to approval to Randall & Quilter Investment Holdings' planned acquisition of Western Captive Insurance Company (WCIC), the Irish-domiciled captive of construction and engineering company Coffey Group.
Guernsey introduces new hybrid cell structure for ILS fund managers
Carey Olsen partner Christopher Anderson, with the support of the Guernsey Financial Services Commission, has created a new hybrid ILS vehicle - a protected or incorporated cell company that is both a licensed insurance company and a regulated investment fund.
Macy’s Vermont captive facing $23.8m in penalties in Maryland tax dispute
Leadville Insurance Company, the Vermont-based captive insurance subsidiary of US department store chain Macy’s, may be liable for $23.8 million in unpaid corporate income taxes to the state of Maryland, a recent court opinion has shown.
Bermuda premier leads team to Europe for EU blacklist removal talks
Bermuda premier David Burt and minister of finance Curtis Dickinson is leading a team to Europe for discussions aimed at laying the groundwork for removing the island from the EU's list of non-cooperative tax jurisdictions, also known as the blacklist.
Energas gets rating affirmation from AM Best
AM Best has affirmed the financial strength rating of A (Excellent) and the long-term issuer credit rating of “a” of Energas Insurance. The outlook of these ratings is stable.
IRS adds microcaptives to Dirty Dozen list
The US Internal Revenue Service (IRS) has added microcaptives to its Dirty Dozen list of common scams that it claims that US taxpayers may encounter.
Mullen completes move back to Artex
Peter Mullen has rejoined alternative risk management company Artex as chief executive officer, with David McManus taking up the new role of chairman.
New CICA chair elected
Steve McElhiney, president of Tall Pines Insurance Company/CEO and chairman, EWI Re, has been elected chair of the board of directors of the Captive Insurance Companies Association (CICA).
Bodies including captives association back Bermuda to escape EU tax blacklist
Industry groups on Bermuda including the Bermuda Insurance Management Association (BIMA) have pledged their support to efforts by the Bermuda government to get the country removed from the European Union’s so-called blacklist list of "non-cooperative" jurisdictions as quickly as possible.
