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Sedgwick, the provider of technology-enabled risk, benefits and integrated business solutions, has completed its acquisition of York Risk Services Group. 5 September 2019
Analysis
Chubb Workplace Benefits has unveiled its next generation of group critical illness and accident products that includes benefits for diabetes, cancer and telemedicine services. 5 September 2019
Analysis
AXA XL, the property and casualty and specialty risk division of AXA, has named Austin Su as US underwriting lead of its structured risk solutions (SRS) business, part of the global alternative risk transfer group. 4 September 2019
Analysis
Willis Towers Watson has expanded its benefit financing team in North America with the appointment of Paul McNiff as director in its global services and solutions consulting business in the New York office. 4 September 2019
Law & regulation
A series of high-profile victories in court for the IRS over 831(b) captives has tarnished the reputation of these structures, but they do not deserve their shady reputation, as Jeremy Colombik of Management Services International told Captive International. 4 September 2019
Analysis
The North Carolina Captive Insurance Association has named Lea Riddle as its new chairman. 3 September 2019
Law & regulation
CIC Services has warned the Internal Revenue Service that its battle against the tax authority’s “abuse of law-abiding taxpayers is not over,” vowing to take its case all the way to the Supreme Court. 3 September 2019
Law & regulation
There have been a number of high profile fights between states and captives in recent years, including Johnson & Johnson v New Jersey, Stewart’s Shops v New York and Microsoft v Washington. If these cases haven’t grabbed your attention you need to wake up, says Gary Osborne, vice president at Risk Partners. 3 September 2019
Analysis
Capsicum Re and Swiss Re have teamed up to launch Decrypt, a new holistic cyber reinsurance platform. It provides a single end-to-end solution to insurers’ cyber exposure challenges, including embedded, silent, and affirmative cyber risks. 2 September 2019
Law & regulation
RRGs are regulated by the state in which they domicile, and are free to do business in other states, but many non-domiciliary states are operating well outside the scope of the law, says Jon Harkavy of Risk Services. 2 September 2019
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