Illinois captive proposals ‘first step on long road ahead’

Proposed changes to the captive section of the Illinois Insurance Code are...
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Streamlining the BVI insurance regime

The BVI’s insurance regulations have now been updated, including a new regime...
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Guernsey adds one-day approval process to ILS rules

The Guernsey Financial Services Commission (GFSC) has updated its regulatory treatment of...
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Donald Trump: Five areas for US captive industry to watch

President-elect Donald Trump will be inaugurated in Washington, D.C. on Friday, January...
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Labuan IBFC announces priorities for 2017, captives remain key focus

The Labuan International and Business Financial Centre (IBFC) has identified captive insurance...
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SIIA and 15 captive associations lobby for Federal guidance on 831(b) rules

The Self-Insurance Institute of America (SIIA), along with 15 state captive insurance...
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D.C. Circuit overrules CFPB on mortgage captive ruling

The captive reinsurance arrangements by PHH Corporation have been given the ‘all...
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Covered agreement between US and EU creates uncertainty, but captives could be spared

The German insurance regulator’s request for a Missouri-domiciled reinsurance company to establish...
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Exclusive: Marsh wins Mauritius FSC contract

The Financial Services Commission in Mauritius has awarded a consulting contract to...
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ICCIE introduces new elective on regulation

The International Center for Captive Insurance Education (ICCIE) will launch a new...
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Vermont not ashamed to replicate rival domiciles – Rich Smith

Rich Smith, president of the Vermont Captive Insurance Association (VCIA), has said...
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Legislation proposes substantial change to Alabama’s captive laws

Legislation making its way through Alabama’s House of Representatives proposes several changes...
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FIO collecting captive data to analyse TRIP effectiveness

The United States’ Federal Insurance Office (FIO) is contacting captive regulators to...
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Exclusive: Illinois begins talks to revamp captive statute

A captive insurance bill for the State of Illinois is currently being...
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The States’ Role in Regulating Small Captives

Small captives are rarely out of the headlines and under intense scrutiny...
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831(b) uncertainty not impacting formation numbers

Captive managers and state regulators remain upbeat in the face of continued...
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Increased scrutiny of managers is necessary to prevent formal regulation – Kevin Doherty

Captive managers should be open to increased scrutiny from state regulators if...
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Solvency II Predictions: Jo Willaert, FERMA

The cost of regulation to insurers is likely to increase across the...
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Utah makes “aggressive” move to encourage online applications

The Utah Captive Insurance Division has launched the Captive Insurer Application portal...
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NRRA scores another court victory for RRGs

Dan Labrie, chairman of the National Risk Retention Association (NRRA), has lauded...
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Bermuda achieves SII equivalence with captive carve-out

The Bermuda Monetary Authority’s (BMA) (re)insurance regulatory regime has been approved as...
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Corbett to increase scrutiny of managers in Tennessee

Michael Corbett, director of captive insurance for the State of Tennessee, will...
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IAIS adopts captive paper, cell company section expanded

The International Association of Insurance Supervisors (IAIS) has approved the Application Paper...
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Tennessee toughens stance on use of unauthorized reinsurers

The State of Tennessee has spelled out his criteria for captives seeking...
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Fitch updates position on PCCs following landmark court ruling

Fitch Ratings has altered its view on protected cell companies (PCC) in...
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IIABA opposes expansion of RRGs

An attempt by Congress to allow risk retention groups (RRGs) to write...
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IoM to merge IPA and Financial Supervision Commission

The Isle of Man’s dedicated Insurance and Pensions Authority (IPA) is to...
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IA15 rises above Solvency II and BEPS as biggest UK captive concern

The Insurance Act 2015 (IA15) is now a major concern for captive...
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Exam costs among drivers of redomestication – Vermont

Vermont’s Captive Insurance Division believes the high cost of exams in other...
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Mixed response to IAIS captive paper

The full list of industry comments received on the International Association of...
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Delaware calls on IAIS to address Series captives in Application Paper

Karen Weldin Stewart, the insurance commissioner for Delaware, has submitted her comments...
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Clarification Act could leave captives “undefined” – TxCIA

Representatives from the Texas Captive Insurance Association (TxCIA) have joined the list...
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Utah proposes captive manager definition to Insurance Rules

The Utah Insurance Department has proposed adding an official definition of “captive...
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Anguilla introduces fast-track “one day” application process

The Anguilla Financial Services Commission (AFSC) has introduced a fast-track application process...
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IAIS presents captive guidance paper for consultation

The International Association of Insurance Supervisors (IAIS) has published the first draft...
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NAIC approves third attempt at Part A accreditation preamble

Captive insurance companies reinsuring XXX/AXXX reserves, variable annuities and long-term care business...
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Consultation on IAIS captive paper expected in July

The International Association of Insurance Supervisors (IAIS) is expected to present its...
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Delaware latest leading captive domicile to sign IAIS MMoU

Delaware has signed the International Association of Insurance Supervisors’ (IAIS) information-sharing agreement....
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SA Insurance Bill addresses cell captives

South Africa’s draft Insurance Bill 2015 will bring some clarity to the...
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CICA posts objection to IRS “active conduct” definition

The Captive Insurance Companies Association (CICA) has written to the Internal Revenue...
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Ohio proposes alternative reserve methodology for SPFCs

The Ohio Department of Insurance is considering providing an alternative reserve methodology...
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Vermont cell and capital legislation due to be signed

Vermont’s Governor Peter Shumlin is set to sign new captive legislation into...
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NAIC clarifies captive accreditation with third draft

The National Association of Insurance Commissioners (NAIC) has moved to reassure the...
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NAIC goes back to the drawing board on Part A accreditation

The National Association of Insurance Commissioners (NAIC) has directed its staff to...
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Bermuda makes move to meet Solvency II caveats

The Bermuda Monetary Authority (BMA) has published the enhancements it plans to...
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ECIROA seeking EIOPA clarity on Solvency II third country equivalence

Guenter Droese, chairman of the European Captive Insurance and Reinsurance Owners’ Association...
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Swiss captive association bidding to improve regulator relations

The Swiss Insurance and Reinsurance Captives Association (SIRCA) has made significant progress...
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Vermont’s capital and cell proposals pass Commerce Committee

Senate Bill 98, which proposes changes to Vermont’s cell regulation and capital...
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NAIC receives 50 objections to Part A preamble, Hoff and Torti allay captive fears

Director John Huff, chair of the National Association of Insurance Commissioners’ (NAIC)...
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Kinion rallies captive industry to fight NAIC accreditation requirements

Steve Kinion, director of the Bureau of Captive and Financial Insurance Products...
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Kinion hits out at latest NAIC Part A multi-state insurer proposals

The National Association of Insurance Commissioners (NAIC) issued its latest proposal for...
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Dublin captives set for name change admin with new Companies Act imminent

Ireland’s Companies Act 2014 will come into effect on 1 June, 2015...
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Poor regulation in one state could have big effect – Maria Sheffield

Growing competition between onshore domiciles in the United States is healthy, but...
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Vermont proposes to loosen restrictions on captive cash

Captive insurance companies domiciled in Vermont may soon be able to make...
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Cayman close to regulator appointment, but no timetable in place

The Cayman Islands Monetary Authority (CIMA) has told Captive Review the process...
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Gibraltar to overhaul regulatory regime

The Gibraltar Financial Services Commission and the country’s government have commenced the...
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RRGs have weathered the regulatory storm – Kinion

Steve Kinion, director of captives and financial insurance products at the Delaware...
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NAIC fails to act on multi-state reinsurer concerns  

The National Association of Insurance Commissioners (NAIC) has failed to clarify its...
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Regulation dominates VCIA discussions – Smith

Regulation of the captive insurance industry, at state, federal and global levels,...
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Hamm seeks to reassure captive industry

Adam Hamm, president of the National Association of Insurance Commissioners (NAIC), has...
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Fitch calls on NAIC to clarify position on accreditation standards

Fitch Ratings is calling the National Association of Insurance Commissioners to clear...
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Delaware rallies against NAIC accreditation proposal

Delaware Insurance Commissioner Karen Weldin Stewart has called on Delaware’s captive industry...
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Connecticut considers captive law revision

The Connecticut Department of Insurance (CDOI) has drafted proposed amendments to Connecticut’s...
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IMAC bites back at NYDFS criticism

The Insurance Managers Association of Cayman has bitten back at captive critic,...
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Bright predictions for SC captives

South Carolina hopes to be the next captive domicile to pass cell...
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Treasure State grows by 36 captives

The Office of the Montana Insurance Commissioner has reported a growth of...
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North Carolina new hub for small captives

North Carolina is an attractive location for smaller captives says Martin Eveleigh,...
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North Carolina approves first captive licences

North Carolina Department of Insurance has issued four captive licenses since the...
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Malta finalises RSPV law

Malta’s Reinsurance Special Purpose Vehicles (RSPV) legislation has been finalised and come...
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Hong Kong introduces Bill to lower tax for captives

Hong Kong has introduced a bill that aims to reduce the profits...
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SEC calls for details on life captives

The U.S. securities regulator is in consultation with large U.S. life insurers...
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China to issue captive regulation

The China Insurance Regulatory Commission (CIRC) has issued a notice which serves...
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The Nutmeg State to triple captives by early 2014

Connecticut has licensed a total of three pure captives as of December...
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New Jersey licences five captives in Q4

New Jersey has licensed five new captives in the three months to...
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Vermont proposes a dormant status for captives

Vermont is proposing to introduce legislation which offers a ‘dormant’ status for...
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Alaska introduces online regulatory program

The National Association of Insurance Commissioners (NAIC) has implemented its State Based...
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IAIS to develop global insurance standards

The International Association of Insurance Supervisors (IAIS) plans to develop a risk-based...
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Increase in domiciles may impact regulatory control

There is a risk that the increase in captive domiciles could potentially...
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New York secedes from Principles Based Reserving

New York is letting the Joint Working Groups principles-based reserving (PBR) expire...
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Solvency II further delayed

The date for the key parliamentary vote on Omnibus II has been...
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FSB suggests tightening US captive regulation

US captive insurance will be impacted if recommendations for greater regulatory uniformity...
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NAIC supports TRIA

The National Association of Insurance Commissioners (NAIC) has passed a resolution supporting...
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Zurich head calls for global insurance standards

The insurance industry needs global standards for capital adequacy, according to Zurich...
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UK insurer warns SII failure could be dire

If European lawmakers get Solvency II wrong, it could not only obstruct...
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Malta target SPRV's

Malta is targeting the insurance-linked securities (ILS), catastrophe bond and reinsurance convergence...
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Isle of Man publishes insurance "roadmap"

The Insurance and Pensions Authority (IPA) of the Isle of Man, has...
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North Carolina approves first captive law

North Carolina Governor Pat McCrory has signed a bill into law allowing...
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Vermont captive insurance leglislative amendments signed into law

Governor Peter Shumlin has signed into law new captive legislation passed in...
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AIG and Prudential warned of increased regulatory oversight

American International Group and Prudential Financial, Inc. have both received notice of...
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Texas passes captive law

Texas has passed a law allowing for the formation of pure captive...
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New insurance commissioner for Texas

Julia Rathgeber has been appointed Texas’ new commissioner of insurance. She will...
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MetLife brings Bermuda captive onshore

MetLife Inc. is merging its Bermuda based offshore captive business into its...
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MetLife capitulates to DFS and repatriates captive to US

MetLife, the US’s largest life insurer, is repatriating its offshore captive business...
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UK regulator brands Solvency II "shocking"

Andrew Bailey, head of the Bank of England’s prudential regulatory authority (PRA)...
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Business tax change in IOM

The Isle of Man has withdrawn its attribution regime for individuals (ARI),...
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Michigan planning new captive laws

Michigan is working on new proposals for its captive legislation, which are...
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Regulatory functions should be proactive: Zurich

Regulatory functions within organisations should be more proactive and aligned with the...
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Chinese consider third-party auto liability for foreign insurers

  Chinese regulators are considering allowing foreign insurers to sell compulsory motor...
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Bermuda achieves Solvency II principles alignment

The European Insurance and Occupational Pensions Authority (EIOPA) has indicated that Bermuda’s...
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Captive Insurance Database (CID)

Captive Insurance Database (CID)is the world's most comprehensive online source of captive market...
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Guernsey signs up to international regulation

Guernsey has agreed to share information on international insurance supervision with other...
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US ruled out of initial Solvency II equivalence assessment

The Committee of European Insurance and Occupational Pensions Supervisors (CEIOPS) has said...
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BMA launches internal model for Solvency II

The Bermuda Monetary Authority has launched a pilot of its internal capital...
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Captive Review Bermuda Report 2010

Captive Review Bermuda 2010

BVI unveils new Insurance Act

The British Virgin Islands (BVI) Financial Services Commission has introduced the BVI...
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White departs Delaware as captive revenue department announced

Delaware insurance commissioner Karen Weldin Stewart announced a new captive revenue generating...
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Labuan has become Asia’s most pro-active captive domicile as it looks to reboot the continent’s captive...
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Steve Tunstall is general secretary of the Pan Asia Risk & Insurance Management Association and...
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The merger of Willis and Towers Watson has helped to create the next generation in...
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I would like to start by congratulating Dan Towle on his appointment as the next...
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Robert Gagliardi, head of AIG’s captive management and US Fronting operations, speaks to Captive Review...
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