News
Actuarial & underwriting
Brown & Brown, parent company of Beecher Carlson and provider of insurance, risk management and other services, has acquired all of the assets of Coffman Standridge CSI Insurance, an Arkansas-based provider of property and casualty insurance products. 16 July 2018
Analysis
The captive insurance division (CID) of the Oklahoma Insurance Department is seeking to fill two critical position within the unit, deputy commissioner of captive insurance and senior captive analyst. 16 July 2018
Accounting & tax analysis
Much like Avrahami, the Reserve Mechanical case is another notch on the IRS’s belt as it continues on its warpath against small captives, hurting the legitimate structures in the process. But what went wrong? Matthew Queen of Venture Captive Management breaks it down. 9 July 2018
Analysis
Marsh has appointed Kevin Richards to the newly created role of global head of cyber risk consulting, based in Chicago. 9 July 2018
Analysis
Privately-owned broker and employee benefits consulting firm Holmes Murphy has acquired Minneapolis-based Cobb Strecker Dunphy & Zimmermann (CSDZ), a provider of commercial insurance, claims, surety and captive insurance services. 9 July 2018
Actuarial & underwriting
Ratings agency AM Best has revised the outlook from stable to positive for the long-term issuer credit rating (ICR) of National Independent Truckers Insurance Company (NITIC), a risk retention group (RRG). 5 July 2018
Analysis
Stonybrook Capital, a pre-eminent investment and merchant bank with a focus on the insurance sector, has formed a new risk management division, appointing Andrew Downing as its president. 3 July 2018
Accounting & tax analysis
Capstone Associated Services, the operator of Reserve Mechanical's risk pool entity Pool Re Insurance, has issued a second statement on the US Tax Court case following the opinion issued by Judge Kathleen Kerrigan. 28 June 2018
Analysis
US tax reform has increased the burden of tax compliance for captive insurers and created uncertainty as to where one might choose to domicile, although it’s not all bad news, explains Matthew Queen of Venture Captive Management. 28 June 2018
Analysis
The captive insurance sector in North Carolina had an estimated $30 million impact on the state in 2017, according to insurance commissioner Mike Causey. 27 June 2018
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