News
Executive Appointments
Jason Mandik has been promoted to head of AXA XL’s Chicago-based US risk management team in the US central zone. 7 January 2021
Executive Appointments
MAXIS Global Benefits Network (MAXIS GBN) has selected ICAS World, an employee assistance programme (EAP) platform, as a global provider of counselling support and assistance. 7 January 2021
Analysis
Companies are increasingly competing not only on salaries but also on employee benefits. The challenge is to offer best-in-class benefits without causing costs to escalate out of control. The way to achieve this could be to offer benefits through a captive. Captive International reports on the approach of MAXIS GBN. 7 January 2021
Actuarial & underwriting
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 has launched a dedicated sharing economy and mobility (SE&M) industry group in the UK and Ireland. 6 January 2021
Law & regulation
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
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 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 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
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
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