Sean King, the general counsel at CIC Services, has praised the US Supreme Court’s decision to allow a challenge to the Internal Revenue Service’s (IRS) Notice 2016-66, arguing the Anti-Injunction Act would be “tyrannically unconstitutional” if it gave the IRS carte blanche to enforce illegal regulations.
The US Supreme Court has ruled in favour of CIC Services in its ongoing dispute with the Internal Revenue Service regarding micro captives and the legality of Notice 2016-66, setting the stage for a showdown that could potentially see the IRS Notice enjoined.
Guy Carpenter has named Luca Tres as head of strategic risk and capital life solutions for EMEA.
TigerRisk Partners has appointed Jack Snyder as head of insurtech origination and financial advisory in New Jersey.
Captive Resources has hired Matthew Halligan as a programme coordinator.
Alvin Kwong has officially launched AKA Consulting, Cayman’s first actuarial firm.
DWF, the global provider of integrated legal and business services, has appointed Jonathan Drake as a partner to head up its non-contentious insurance advisory practice in London.
The International Center for Captive Insurance Education (ICCIE) has invited applications for the Harry House Captive Insurance Scholarship (HHCIS) and the VCIA Distinguished Scholar Award.
Willis Towers Watson is being broken up, with parts of the business being sold to Arthur J Gallagher & Co (AJG) to help facilitate its acquisition by Aon.
Washington state Governor Jay Inslee has signed legislation that creates a framework for captive insurers doing business in the state.