News

Microcaptives offered stricter settlements by IRS

The Internal Revenue Service (IRS) has offered a second, stricter, settlement deal for microcaptives under audit. The service has commenced...
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DeVere Group forms captive

The deVere Group has announced their formation of a captive, domiciled in Guernsey. The pure captive, named White Knight, will...
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Finance Isle of Man appoints new non-executive chair

Finance Isle of Man has appointed Sue Preskey as a non-executive chair of its board. The appointment will be effective...
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Captive legislation a “priority” for Washington OIC

The Washington Office of the Insurance Commissioner has made its captive insurance study a legislative priority for 2021. In August...
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New VCIA board chair

The Vermont Captive Insurance Association (VCIA) has announced Stephanie J Maples as its new board chair for a one year...
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By Dr Marcus Schmalbach “We could carry a local epidemic. A global event like a pandemic...
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By Charlie Ruchelman and Ben Eisenstat The IRS does not like Section 831(b) micro-captive transactions....
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In May 2020 a case was filed in a Kentucky court that was unusual, at...
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Even prior to the havoc caused by the Covid-19 pandemic, the market was hardening and...
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By Asad Khalil The hardening insurance market has put significant pressure on the premium spend...
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