News
Law & regulation
A bill has been presented in Alabama that will update the Alabama Captive Insurers Act to provide greater economic growth and development for the state’s captive insurance industry. 6 January 2021
Accounting & tax analysis
The American Bar Association (ABA) will host a webinar to educate people about the Internal Revenue Service’s (IRS) policies regarding micro captives. 6 January 2021
article
RMC Group has appointed Michael Rindenau as director of marketing in the property and casualty division, with additional responsibilities for its captive and health operations. 6 January 2021
Actuarial & underwriting
DARAG Group, the legacy acquirer, has completed the acquisition of the legacy workers’ compensation liabilities of a major US retailer. 6 January 2021
Accounting & tax analysis
The Internal Revenue Service (IRS) has admitted it is considering whether additional guidance or regulations should be published to clarify its position regarding micro captives and the use of the 831(b) election. 5 January 2021
article
Ruth Rauluk has been named as the new director of risk management for the Five College Consortium. 5 January 2021
Analysis
Organisations should be using their captives to manage emerging risks in a world that is increasingly volatile, uncertain, complex and ambiguous, says Michael Zuckerman of the Temple University Fox School of Business. 5 January 2021
USA analysis
Davies Group has acquired Northshore International Insurance Services, a provider of audit, claims management and subrogation management and consulting services to the global insurance market. 5 January 2021
article
RIMS, the risk management society, has appointed Ellen Dunkin as president for the 2021 term. 5 January 2021
Actuarial & underwriting
Randall & Quilter II Holdings, a wholly owned UK subsidiary of Randall & Quilter Investment Holdings (R&Q), has completed the acquisitions of The World Marine & General Insurance Company (WMG) and Inceptum Insurance Company, having received the necessary regulatory approvals. 5 January 2021
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