News

Actuarial & underwriting

BevCap launches North Carolina-based captive

BevCap Management, the multi-line insurance programme manager with a focus in alternative risk structures, has formed a North Carolina-based captive insurance company called HatterasRe.   6 January 2021

Analysis

Marsh unveils sharing economy and mobility group for the UK and Ireland

Marsh has launched a dedicated sharing economy and mobility (SE&M) industry group in the UK and Ireland.   6 January 2021

Law & regulation

Alabama considers revisions to the Alabama Captive Insurers Act

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

ABA to host webinar to demystify IRS’ micro captive campaign

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 appoints Michael Rindenau as director of marketing for P&C

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 acquires workers’ compensation liabilities of US retailer

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

IRS considering offering further guidance regarding its position on micro captives

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 named as director of risk management at the Five College Consortium

Ruth Rauluk has been named as the new director of risk management for the Five College Consortium.   5 January 2021

Analysis

Seeking risk management equilibrium in a VUCA world

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 acquires Northshore International Insurance Services

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

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