News

Law & regulation

Policyholders in Tennessee take comfort as TDCI wins NAIC accreditation

The Tennessee Department of Commerce and Insurance (TDCI) has received accreditation from the National Association of Insurance Commissioners (NAIC).   15 April 2021

Asia analysis

Labuan IBFC signs MoU with Qatar to facilitate mutual recognition of financial entities

Labuan International Business and Financial Centre (Labuan IBFC) has signed a Memorandum of Understanding (MoU) with the Qatar Financial Centre Authority (QFC) in an agreement designed to strengthen financial ties between the two centres.   15 April 2021

Law & regulation

BMA authorises a class three multi owner captive in March

The Bermuda Monetary Authority (BMA) confirmed the registration of DNA Genetics Insurance with a class two license in March 2021, allowing it to operate as a multi owner captive.   15 April 2021

Law & regulation

IRS warns micro captive owners to get out of them as soon as possible

Participants in abusive micro-captive insurance arrangements should exit these transactions as soon as possible, Internal Revenue Service (IRS) officials have warned.   12 April 2021

Law & regulation

Dentons hires partner with captives experience in New York

Dentons, the law firm, has named Nick Williams as partner in the corporate practice.   7 April 2021

Law & regulation

How to look not like an insurance company

Richard Colombik and Jeremy Colombik, of Richard M. Colombik & Associates and MSI, respectively, examine the verdict of the Caylor Land and Development v Commissioner case and explain why the court ruled as it did.   30 March 2021

Law & regulation

Davies appoints CEO of Keoghs, its legal services unit, as Whittle steps down

Davies, the specialist professional services and technology business serving the insurance industry, has promoted Allison Carr to the role of chief executive officer (CEO) of Keoghs, its legal solutions business.   25 March 2021

Law & regulation

Tennessee: providing certainty in uncertain times

Captive International caught up with Belinda Fortman, director of the captive insurance section at the Tennessee Department of Commerce and Insurance, to ask what is special about Tennessee, which has referred to its captive offering as “the gold standard of the south”.   15 March 2021

Law & regulation

Washington state establishes framework requiring captives to pay premium taxes

The Washington State government has established a framework for registering and imposing premium tax on eligible captive insurance companies.   11 March 2021

Accounting & tax analysis

831(b)s dealt fresh blow as US tax court rules Caylor captive not insurance

The 831(b) or micro-captive industry has been dealt a fresh blow this week, with a US tax court ruling yet another micro-captive could not be considered insurance for Federal tax purposes.   11 March 2021

Not finding what you're looking for, please try resetting your applied search and filters,
or try the full site search.