Oxford Risk Management Group is proud to be recognized as an ICCIE Trained Organization. To qualify, a firm must meet the following requirements: At least 20% of the captive professionals in the organization must hold... read more
Category: Industry News
Captive Insurance Moves From Alternative to Mainstream
According to a recent article published in Business Insurance magazine, captive insurance companies have really grown up into a mainstream tool for managing enterprise risks. With the regulatory changes made in numerous state departments of... read more...
Tax Court reaches decision in the Avrahami case
The United States Tax Court denied deductions for premiums paid to off-shore insurance companies, and determined, among other things, that elections under IRC Section 831(b) were invalid, as the amounts paid did not qualify as... read more...
IRS extends time for filing participant and material advisor disclosure statements
The IRS has issued guidance extending until May 1, 2017, the time for filing participant and material adviser disclosure statements regarding micro-captive deals and substantially similar transactions that were identified in prior guidance as transactions... read more...
IRS releases Notice 2016-66
Notice 2016-66 was issued on November 1, 2016 to provide guidance on reporting requirements for 831(b) Captive Insurance Companies and details how to submit that data and who is required to file. The information requested... read more
North Carolina Reports Exponential Growth in 2015
North Carolina Insurance Commissioner Wayne Goodwin announced that in two years of captives being permitted to domicile in North Carolina, the industry has had a positive impact on the state’s economy of approximately 15.3 million... read more
Oxford’s Principal & Legal Counsel named among the Top 20 ‘Enterprise Risk Captive Pioneers’
Oxford Risk Management Group is proud to announce Oxford’s principal, Mike DiMayo, and legal counsel, Kevin Doherty, a partner at Nelson Mullins Riley and Scarborough LLP, being named in Captive Review magazine’s first Enterprise Risk... read more...
PATH Act of 2015 Signed Into Law
The Protecting Americans from Tax Hikes (PATH) Act of 2015 passed both the House and Senate and has been signed into law. The new legislation affecting eligibility for 831(b) election for captives is effective for... read more