News
Law & regulation
Kirkland & Ellis has hired Parimah Hassouri as a partner in the corporate practice group in New York. 27 March 2020
Accounting & tax analysis
Owners of 831(b) tax-elected captives, and their advisors, have watched with alarm as the 30-year old 831(b) tax election has come under mounting scrutiny. These concerns flared up again with the recent circulation of intimidating letters from the IRS. Owners of 831(b)s have a decision to make about whether they persist with their current arrangements, says Captive Alternative’s Emilie Gastley. 27 March 2020
Law & regulation
With the EU adding Bermuda to its “white list” of fully cooperative tax jurisdictions, the outlook looks bright for Bermuda’s captive insurance industry in 2020, says Nick Miles of Kennedys. 26 March 2020
Services
Willis Re, the reinsurance business of Willis Towers Watson, has named Dan Melanson as senior vice president and health practice leader. 26 March 2020
Services
The Bermuda Captive Conference (BCC) has been rescheduled to September 9-11, 2020, after the organising committee took the decision that the event could not go ahead as planned in June. 26 March 2020
Accounting & tax analysis
The IRS is spreading fear, uncertainty and doubt about the captive industry in an effort to increase its own revenues, according to Sean King, principal of CIC Services. 25 March 2020
Law & regulation
Should pandemic be included in TRIA? What is needed is innovation, not state aid, says Marcus Schmalbach of Ryskex, who takes a look at the current market situation and invokes the spirit of Adam Smith. 25 March 2020
Asia-Pacific analysis
Captive insurance forms an important part of Singapore’s offering as a global capital for Asian risk transfer, according to a spokesperson at the Monetary Authority of Singapore (MAS). 25 March 2020
Actuarial & underwriting
Guy Carpenter has entered into a strategic relationship with RiskGenius to enhance its detection and qualitative analysis of silent cyber exposure across multiple lines of business. 25 March 2020
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