Atlas Insurance Agency’s new wholly-owned captive has received licensing approval from the insurance division of the Hawaii Department of Commerce and Commerce Affairs

Russell Group has launched ALPS Casualty to support the analytical modelling of liability exposures stemming from the corporate industry

Coastal Medical Insurance has requested to withdraw from the A.M. Best interactive ratings process

The US Tax Court’s ruling in Avrahami might not be the victory for the IRS that everyone thinks it is, according to Stewart Feldman, CEO and general counsel of Capstone Associated Services

Payments that Stewart’s Shops made to its captive insurance subsidiary Black Ridge Insurance Corporation (BRIC) “were not deductible premiums for determining federal taxable income”, according to the New York Tax Appeals Tribunal

A.M. Best has affirmed the financial strength rating of “A- (Excellent)” and the long-term issuer credit rating of “a-“ of UnipolRe Designated Activity Company (UnipolRe), based in Ireland

The ruling of the Avrahami vs Commissioner of Internal Revenue court case finally provides additional clarity for captives organised under Section 831(b), according to Anne Marie Towle of JLT

The RMC Group has opened two new offices in the UK, in a move that it has called a “strong statement” of intent to build on its international presence

Customer service is key to attracting potential captive insurers to a particular jurisdiction, according to Leanne Refalko, senior captive insurance specialist at the North Carolina Department of Insurance

The state of Hawaii has promoted Andrew Kurata to acting insurance administrator for the department of commerce and consumer affairs insurance division

The US Tax Court’s decision to back the Internal Revenue Service in its dispute with Benyamin and Orna Avrahami over their micro captive should encourage those involved in similar arrangements to revisit them

The number of North Carolina’s licensed captive companies grew by 91 percent last year, while approved protected cells and series saw an increase of over 50 percent