US Tax Court rules IRS microcaptive penalties void on technical grounds
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.
TDCI promotes Jonathan Habart to captive insurance section assistant director
The Tennessee Department of Commerce and Insurance (TDCI) has named Jonathan Habart as its new captive insurance section assistant director.
Anson Aguiar named as CUO of Pallas Re
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 names Nathan Baseman as head of new analytics practice
CAC Specialty has established an analytics practice and appointed Nathan Baseman to lead it.
R&Q reports strong growth in H1 2020
Randall & Quilter Investment Holdings (R&Q) reported strong growth across both its programme and legacy businesses in the first half of 2020.
Katherine Keefe joins Marsh to strengthen US cyber offering
Marsh has appointed Katherine Keefe as US cyber incident management leader.
Fleming Re to acquire Sinclair in legacy deal
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.
BMA registers two new captives in September
The Bermuda Monetary Authority registered two new single parent captives in September.
John Ludlow to step down as Airmic boss in Q1 2021
John Ludlow will step down as chief executive of Airmic, the association that represents UK risk and insurance professionals.
AXA XL names captives directors for the UK, Europe and Asia
AXA XL has appointed Owen Williams as global programmes and captives director for the UK and Lloyd’s market.
