News
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
Actuarial & underwriting
Alvin Kwong has officially launched AKA Consulting, Cayman’s first actuarial firm. 14 May 2021
Law & regulation
DWF, the global provider of integrated legal and business services, has appointed Jonathan Drake as a partner to head up its non-contentious insurance advisory practice in London. 14 May 2021
Executive Appointments
The International Center for Captive Insurance Education (ICCIE) has invited applications for the Harry House Captive Insurance Scholarship (HHCIS) and the VCIA Distinguished Scholar Award. 13 May 2021
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