The US Internal Revenue Service is gunning for captives but not necessarily coming away with victories. This is the opinion of Alex Webb, chairman of the North Carolina Captive Association and partner at Webb & Coyle.
HealthCare Risk Services (HRS), a managing general underwriter, and Western Summit, its affiliated wholesale brokerage, have been acquired by Captive Resources.
Governor Peter Shumlin shared the state’s positive results during the Vermont Captive Insurance Association’s Legislative Day.
Considerable hype and press coverage in recent months, particularly around 831b and life insurer captives, has done more harm than good for the captive sector.
CICA’s 2014 conference will focus on emerging trends and challenges, including tax issues and best practice for US 831b captives.
BevCap Health is the first cell of BevCap Sponsored Captive Insurance, Inc.
A survey of global captive managers carried out by Aon has found that 90 percent believe risks are becoming increasingly interdependent in the global marketplace.
Dennis Harwick, on behalf of the Captive Insurance Companies Association (CICA), sent an open letter to protest a measure that would no longer allow US insurers to deduct the cost of reinsurance ceded to affiliates not subject to US taxes.
A certified public accountant with more than 20 years of financial regulation experience will head the department.
Law firm, Honigman has appointed eight new partners, including two within the firm’s insurance and litigation department.