News

Accounting & tax analysis

RH CPAs hires three graduates in the US and Pakistan

RH CPAs has made a number of appointments in both Karachi and Greensboro.   8 July 2021

Actuarial & underwriting

Holmes Murphy promotes three women to drive growth in the business

Holmes Murphy has promoted three women to new and advanced positions within the firm.   8 July 2021

Law & regulation

IRS will not stop the assault on micro-captives

A setback for the IRS at the US Supreme Court is not going to stop it from going after micro-captives, warns Lance Wallach, who offers consultancy services to captive insurers, fights the IRS and has never lost a case as an expert witness.   8 July 2021

Actuarial & underwriting

A new cannabis group captive

CLIC, a cannabis risk retention group that launched in 2020, demonstrates Nevada’s flexibility and will offer a lifeline to businesses that are being effectively shut out of the financial system. Insurance consultant Hugh Rosenbaum spoke to its founder.   8 July 2021

Law & regulation

Vermont captive insurance division receives five-year NAIC accreditation

The Vermont Department of Financial Regulation’s captive insurance division has received another five-year accreditation from the National Association of Insurance Commissioners (NAIC).   7 July 2021

Law & regulation

Missouri names captive manager to reinvigorate state captive programme

The Missouri Department of Commerce & Insurance (DCI) has hired a new captive manager to develop and implement strategies to enhance its captive insurance offering.   7 July 2021

Actuarial & underwriting

Evaluating captive retention structures in a hard market

Companies tend to think about their optimal risk retention levels very infrequently. Paying more regular attention to this question could reap significant rewards, and companies that have a captive have a significant advantage, say Enoch Starnes and Michelle Bradley of SIGMA Actuarial Consulting Group.   7 July 2021

article

SRS hires associate director in Vermont

Strategic Risk Solutions (SRS) has hired a new associate director to work in its Burlington, Vermont office.   6 July 2021

Actuarial & underwriting

Netflix poaches risk management director from Amazon

Netflix has hired a new director of risk management.   6 July 2021

Accounting & tax analysis

Micro-captives back on the IRS Dirty Dozen list after a one year hiatus

Abusive micro-captive insurance arrangements have found themselves on the Internal Revenue Service’s Dirty Dozen list of tax scams, yet again.   5 July 2021

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