The US District Court of Eastern District of Tennessee has dealt a blow to micro captives and their managers in the run-up to the 1 May deadline to comply with Notice 2016-66

The NCCIA has filed a third-party observation in support of a lawsuit in federal court seeking a temporary injunction to stop the IRS from implementing Notice 2106-66

A.M. Best has affirmed the financial strength rating of “A (Excellent)” and the long-term issuer credit rating of “a” for the National Grid Insurance Company (NGICL), a captive of National Grid

Macquarie Research’s catastrophe loss model estimates that losses for Q1 2017 currently stand at $8.1 billion, compared to $9.3 billion during the same period in 2016

Randall & Quilter, the Bermuda-based non-life insurance investor, saw its year-end profits triple for 2016

Aggregate shareholders’ funds for companies making up the Willis Re index increased by 4 percent to $344.1 billion in 2016, according to a Willis report

Great American Insurance Group has launched a captive offering aimed at motor carriers with independent contractor fleets

A.M. Best has downgraded the financial strength rating of Mountain States Healthcare (MSH) Reciprocal Risk Retention Group (RRG)

The Cayman Islands has signed off on eight new insurer licences issued in Q1 2017

Ian Davis is set to replace Dan Towle as the new director of financial services in Vermont

Andy Bord, current interim CEO at Flood Re, has been appointed to the position on a permanent basis

Crawford & Company has promoted Kieran Rigby to president of international, from CEO of Europe and Latin America