The Willis pension scheme has executed a longevity swap through its Guernsey-based captive.
The business will be re-branded and trade as part of Davies Captive Management.
It relates to Notice 2016-66 that forces some captives owners to report tax details to the IRS.
AGCS’ ART unit provides structured re/insurance solutions including fronting and captives solutions.
While the penalty is lower in the Oropeza case, this is an exception.
It addresses specific concerns the captive insurance industry has around recent actions by the IRS.
The executive was also a founder of Hamilton Insurance Group in Bermuda.
It has reduced registration fees to make this year’s virtual event more accessible.
All five attorneys previously practiced at Squire Patton Boggs.
The US territory in Micronesia has been hard-hit by a lack of tourism due to COVID-19.