The US Tax Court has ruled in favour of Jesus Oropeza, the shareholder of a microcaptive called FIRM, in a case against the Internal Revenue Service, ruling that penalties imposed by the IRS were made improperly and do not stand.
The Tennessee Department of Commerce and Insurance (TDCI) has named Jonathan Habart as its new captive insurance section assistant director.
Compre, the independent specialist legacy acquirer, has appointed Anson Aguiar as chief underwriting officer of Pallas Reinsurance Company, its recently-launched class 3A Bermudian reinsurer.
CAC Specialty has established an analytics practice and appointed Nathan Baseman to lead it.
Randall & Quilter Investment Holdings (R&Q) reported strong growth across both its programme and legacy businesses in the first half of 2020.
Marsh has appointed Katherine Keefe as US cyber incident management leader.
Fleming Re Holdings will acquire Sinclair Insurance Company, a Bermuda-based captive that was incorporated in 1985 and has provided workers’ compensation, general and products liability and commercial auto lines of business.
The Bermuda Monetary Authority registered two new single parent captives in September.
John Ludlow will step down as chief executive of Airmic, the association that represents UK risk and insurance professionals.
AXA XL has appointed Owen Williams as global programmes and captives director for the UK and Lloyd’s market.