News
Actuarial & underwriting
deVere Group, an independent financial advisory and fintech company, has been granted a license to form a captive insurance company in Guernsey by the Guernsey Financial Services Commission (GFSC). 26 October 2020
USA analysis
The Vermont Captive Insurance Association (VCIA) will hold its August 2021 annual conference virtually. 26 October 2020
article
Finance Isle of Man, an executive agency within the Department for Enterprise, has appointed Sue Preskey as a new non-executive chair to its board. 23 October 2020
Accounting & tax analysis
The Internal Revenue Service (IRS) has made a second time-limited settlement offer to certain taxpayers under audit who it believes participated in abusive microcaptive insurance transactions. 23 October 2020
Cayman analysis
The deadline for voting in the Captive International Cayman Awards has been extended by a week. 22 October 2020
Actuarial & underwriting
The Connecticut Foundations Solutions Indemnity Company (CFSIC) will not provide any more participation agreements to support further work on crumbling foundations until at least July 2021, CFSIC has said. 22 October 2020
Executive Appointments
The Vermont Captive Insurance Association (VCIA) has named Stephanie Mapes, director of the Burlington-based law firm Paul Frank + Collins, as its new board chair. 22 October 2020
Feasibility studies analysis
Having a captive has been transformational for GSK’s health and wellbeing strategy, allowing it to redirect medical spend to the most appropriate areas through data-driven targeted intervention, says the firm’s Anthony Tropea. 22 October 2020
Law & regulation
The Business and Labour Committee for the State of Utah has unanimously approved a motion to introduce a bill that will allow the state to operate its own captive insurance company. 21 October 2020
Law & regulation
The European Council had added Anguilla and Barbados to the EU “blacklist” of non-cooperative jurisdictions for tax purposes. 20 October 2020
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