News
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Captives allow owners to put their premiums to work and control and mitigate risk, while taking advantage of certain tax protections that are available, but bringing these benefits to reality is a team effort. The best captives are supported by teams with a unified mission and purpose, rather than teams that are purely transactional, says Geoff Still at TABS Insurance. 8 September 2019
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Randall & Quilter Investment Holdings, the specialist non-life legacy insurance investor and capacity provider to the US and European MGA business, reported profit after tax of $32.6 million for the six months ended 30 June 2019. This represented a massive increase on the $5 million it generated in the same period in 2018. 6 September 2019
Analysis
BPL Global, the credit and political risk insurance broker, has named Gregory King-Underwood as director and head of global reinsurance and portfolio solutions. 5 September 2019
Analysis
Sedgwick, the provider of technology-enabled risk, benefits and integrated business solutions, has completed its acquisition of York Risk Services Group. 5 September 2019
Analysis
Chubb Workplace Benefits has unveiled its next generation of group critical illness and accident products that includes benefits for diabetes, cancer and telemedicine services. 5 September 2019
Analysis
AXA XL, the property and casualty and specialty risk division of AXA, has named Austin Su as US underwriting lead of its structured risk solutions (SRS) business, part of the global alternative risk transfer group. 4 September 2019
Analysis
Willis Towers Watson has expanded its benefit financing team in North America with the appointment of Paul McNiff as director in its global services and solutions consulting business in the New York office. 4 September 2019
Law & regulation
A series of high-profile victories in court for the IRS over 831(b) captives has tarnished the reputation of these structures, but they do not deserve their shady reputation, as Jeremy Colombik of Management Services International told Captive International. 4 September 2019
Analysis
The North Carolina Captive Insurance Association has named Lea Riddle as its new chairman. 3 September 2019
Law & regulation
CIC Services has warned the Internal Revenue Service that its battle against the tax authority’s “abuse of law-abiding taxpayers is not over,” vowing to take its case all the way to the Supreme Court. 3 September 2019
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