The Economic & Financial Affairs Council (ECOFIN) in Brussels has removed Bermuda, Barbados and Aruba from the list of non-cooperative tax jurisdictions, the so called EU 'blacklist'.
Paul Owens, the CEO of Willis Towers Watson’s global captive practice is retiring after 30 years with the company.
Collas Crill Corporate Services (CCCS) has appointed Charlotte Cloete as managing director.
It is possible Bermuda will be removed from the European Union's list of non-cooperative jurisdictions in tax matters - also known as the blacklist - at a meeting of EU finance ministers (ECOFIN) on May 17.
Tennessee insurance commissioner Julie Mix McPeak, who has been attributed to modernising the state’s captive laws and is the former president of the National Association of Insurance Commissioners (NAIC), is stepping down from her position on June 14.
Captive management provider RMC Group has appointed Mark Elwell as executive vice president of risk.
The Terrorism Risk Insurance Program Reauthorization Act (TRIPRA) is due to expire on December 31, 2020, but further extensions are uncertain, raising the potential for property/casualty insurers - and by extension captives - to face rating downgrades due to over-reliance on the programme, according to AM Best.
Insurance broker and managing general agency Caitlin Morgan Insurance Services has opened a new office in Vermont, and named Dustin Partlow as senior vice president to lead its captive management business.
Strategic Risk Solutions (SRS) has assumed the management of Old Main Assurance, the Bermuda-based captive of Texas energy company Marathon Oil, from Marsh.
Stanford Health Care has requested to withdraw the financial strength ratings of its Bermuda captive, SUMIT Insurance Company following a downgrade from AM Best.