Gal N Kaufman is Senior Counsel in Holland &
Knight's
Tysons office
John D Dadakis is a Partner in Holland &
Knight's
New York office
The New York office of Holland & Knight recently held
"Captive Insurance in the Middle Market." The event was
moderated by John D. Dadakis, lead partner in Holland &
Knight's Private Wealth Services Group in New York. Michael A.
DiMayo from Oxford Risk Management Group and Gal N. Kaufman from
Holland & Knight's Private Wealth Services Group in Tysons,
Va., presented on the various issues and challenges for owners of
middle market companies when using captive insurance companies.
Mr. DiMayo led off the discussion by talking about the
compliance issues that captive insurance companies face. Recently,
the Internal Revenue Service (IRS) has challenged captive insurance
arrangements on the grounds that the premiums paid in these
arrangements are not legitimate ordinary business expenses, and
thus an income tax deduction should not
