News
USA analysis
The Tennessee Department of Commerce (TDCI) has partnered with the Tennessee Department of Mental Health & Substance Abuse Services (TDMHSAS) to remind insurers to treat mental health benefits in the same way they treat physical health coverage. 20 May 2021
USA analysis
The State of Vermont has honoured the legacy of Leonard “Len” Crouse after his passing on May 6, 2021. 20 May 2021
article
The North Carolina Department of Insurance (NCDOI) has confirmed it will go ahead with an in-person annual conference in 2021. 19 May 2021
Actuarial & underwriting
Randall & Quilter II Holdings, the wholly owned UK subsidiary of Randall & Quilter Investment Holdings, has completed its acquisition of Electric Insurance Ireland (EII), the wholly-owned captive insurer of Electric Insurance Company (EIC). 19 May 2021
Law & regulation
Sean King, the general counsel at CIC Services, has praised the US Supreme Court’s decision to allow a challenge to the Internal Revenue Service’s (IRS) Notice 2016-66, arguing the Anti-Injunction Act would be “tyrannically unconstitutional” if it gave the IRS carte blanche to enforce illegal regulations. 18 May 2021
Law & regulation
The US Supreme Court has ruled in favour of CIC Services in its ongoing dispute with the Internal Revenue Service regarding micro captives and the legality of Notice 2016-66, setting the stage for a showdown that could potentially see the IRS Notice enjoined. 17 May 2021
Actuarial & underwriting
Guy Carpenter has named Luca Tres as head of strategic risk and capital life solutions for EMEA. 17 May 2021
article
TigerRisk Partners has appointed Jack Snyder as head of insurtech origination and financial advisory in New Jersey. 17 May 2021
Feasibility studies analysis
Captives appear to be an increasingly attractive option for businesses as the insurance market hardens, offering a number of potential benefits if the money can be found to cover the initial set-up costs, say KPMG’s Mark Allitt and Jonathan Barnes. 17 May 2021
article
Captive Resources has hired Matthew Halligan as a programme coordinator. 14 May 2021
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