Wednesday, April 20, 2022
Ross Law

New Alberta captive bill passes first reading

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Bill 16, Insurance Amendment Act, 2022 has passed its first reading in...
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Monday, March 21, 2022
Lauren Ingram

Virgin Islands captive insurance bill to be debated in Senate

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The United States Virgin Islands Senate will debate two new bills relating...
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Monday, November 29, 2021
Lauren Ingram

EXCLUSIVE: Alberta captive bill expected to be passed by Christmas

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EXCLUSIVE Canadian province Alberta expects to pass its new captive insurance bill...
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Monday, November 01, 2021
Lauren Ingram

Alberta tables bill to become captive domicile

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The Canadian province of Alberta may be the second jurisdiction in the...
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Tuesday, April 13, 2021
Lauren Ingram

Washington State captive bill passes, will become law

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The much-contested new Washington State captive bill has passed the state's legislature...
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Tuesday, December 17, 2019
Lauren Ingram

Hong Kong government to extend captive tax incentives

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The Hong Kong government has introduced a bill that will extend tax...
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Wednesday, July 31, 2019
Fraser Irving

The domicile decision

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Traditionally referred to as an offshore industry, captive insurance has found itself...
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Tuesday, May 07, 2019
Fraser Irving

Tennessee legislative updates pass House, Senate

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The state of Tennessee is poised to make a host of changes...
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Thursday, April 18, 2019
Fraser Irving

Vermont legislation will help state ‘keep pace’ with industry

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Updates to Vermont’s captive law will allow the state to “keep pace”...
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Wednesday, February 20, 2019
Fraser Irving

Cayman open to digital businesses, says IMAC

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The Cayman Islands is able to “drive the conversation” around the use...
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Friday, February 08, 2019
Fraser Irving

North Carolina continues ‘robust growth’

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The captive insurance market in North Carolina is experiencing “robust growth”, despite...
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Tuesday, February 05, 2019
Fraser Irving

Vermont defers run-off legislative plans

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The state of Vermont has decided to defer introducing run-off legislation for...
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Thursday, January 24, 2019
Fraser Irving

Delaware conditional licensing a ‘success’ despite headwinds

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Delaware registered 46 new captive insurers in 2018, with the majority taking...
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Thursday, January 10, 2019
Fraser Irving

Georgia captive bill will make state ‘competitive’

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The Georgia Department of Insurance is being “proactive” in ensuring its proposed...
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Tuesday, December 11, 2018
Fraser Irving

Georgia plans to introduce cell structure, dormant captive bill

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The state of Georgia is planning to introduce a bill to accommodate...
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Wednesday, November 21, 2018
Fraser Irving

Captive formation slowdown due to ‘tax issues’

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Delaware’s captive regulator Steve Kinion has claimed that a slowdown in the...
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Tuesday, November 20, 2018
Richard Cutcher

Industry welcomes run-off proposals from Vermont

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The prospect of captive specific legislation for run-off and legacy management has...
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Monday, November 19, 2018
Fraser Irving

Illinois’ captive legislation faces final veto sessions

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Illinois state’s updated captive legislation is in limbo as it faces another...
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Friday, November 16, 2018
Richard Cutcher

Vermont considering run-off legislation for captives

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Captive specific run-off legislation is being discussed by the Vermont Captive Insurance...
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Tuesday, August 28, 2018
Richard Cutcher

Illinois captive legislation delayed until November after Governor’s veto

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The progress of Illinois’ long-awaited captive legislative update has been impeded after...
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Monday, August 20, 2018
Richard Cutcher

Illinois set to open up captive law

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Illinois-headquartered captive owners could be given a welcome home-domicile option if the...
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Wednesday, May 23, 2018
Richard Cutcher

South Carolina updates captive statute

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Governor Henry McMaster has signed House Bill 4675 into law, updating South...
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Thursday, May 17, 2018
Richard Cutcher

Vermont makes play for onshore reinsurance business

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Vermont has passed legislation seeking to attract offshore reinsurers to set up...
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Friday, May 11, 2018
Richard Cutcher

Agency captive legislation passed in Connecticut

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Legislation enabling the formation of agency captives in Connecticut has been sent...
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Friday, April 13, 2018
Richard Cutcher

Kansas governor signs new captive legislation

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Kansas Governor Jeff Colyer has signed Senate Bill 410 into law, paving...
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Wednesday, April 04, 2018
Richard Cutcher

New captive legislation fails to pass in Georgia

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The Georgia General Assembly was unable to pass an update to its...
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Wednesday, March 28, 2018
Richard Cutcher

Second piece of captive legislation introduced in Delaware

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Delaware’s insurance commissioner will be given the discretion to award a “conditional...
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Monday, March 12, 2018
Richard Cutcher

Vermont captive updates signed into law

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Governor Phil Scott has singed the latest update to Vermont’s captive insurance...
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Tuesday, February 27, 2018
Richard Cutcher

Cell company legislation introduced in Georgia

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A piece of new legislation tabled in Georgia is proposing the introduction...
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Monday, February 19, 2018
Richard Cutcher

Kansas seeks to expand captive statute

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The Kansas legislature is considering a bill that would introduce association, branch...
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Friday, February 16, 2018
Richard Cutcher

Jury still out on ILS in Vermont – Rich Smith

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Rich Smith, president of the Vermont Captive Insurance Association (VCIA), said the...
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Tuesday, February 13, 2018
Richard Cutcher

Delaware captives offered premium tax payment extension

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Legislation making its way through Delaware’s state legislature will extend the deadline...
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Tuesday, February 06, 2018
Richard Cutcher

New attempt to overturn FHLB ban on captives

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New legislation has been introduced to the United States’ Senate in a...
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Tuesday, October 31, 2017
Richard Cutcher

Legislative effort in Illinois grinds to a halt

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The prospect of legislation easing captive activity in Illinois being passed in...
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Tuesday, August 15, 2017
Richard Cutcher

VCIA still pursuing Captive Clarification Act

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“Numerous avenues” in are being explored in Washington DC by the Vermont...
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Friday, June 16, 2017
Richard Cutcher

Legislation seeks to open FHLB to captives again

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A bipartisan bill has been introduced to the United States’ House of...
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Friday, June 09, 2017
Richard Cutcher

Captive legislation passed in Connecticut

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Legislators in Connecticut have passed House Bill 7183, making changes to the...
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Wednesday, June 07, 2017
Richard Cutcher

Lobbyists remain hopeful on Illinois captive legislation

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Business and captive stakeholders in Illinois are hopeful that Senate Bill 1286...
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Friday, May 26, 2017
Richard Cutcher

Credit for reinsurance and ERISA benefits pass in Texas

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The Texas Captive Insurance Association (TxCIA) is celebrating the passage of House...
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Wednesday, May 24, 2017
Richard Cutcher

Tennessee legislation signed, annual premium surpasses $1bn

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The legislative update to Tennessee’s captive statute has been made law as...
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Tuesday, May 23, 2017
Richard Cutcher

Vermont’s tax credit changes passed by legislature

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Changes to the tax credit system for captive insurers domiciled in Vermont...
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Friday, May 19, 2017
Richard Cutcher

Delaware legislation makes progress

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Two pieces of captive legislation that failed to make it through Delaware’s...
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Monday, May 15, 2017
Richard Cutcher

Captive bills signed in Montana and Georgia

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Amendments to the captive statutes in Georgia and Montana have been signed...
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Tuesday, May 02, 2017
Richard Cutcher

Vermont legislation signed into law, tax credit changes carved out

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Governor Phil Scott has signed House Bill 85 into law, updating Vermont’s...
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Tuesday, April 04, 2017
Richard Cutcher

Georgia captive bill sent to Governor

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Senate Bill 173 has been sent to be signed by Governor Nathan...
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Tuesday, March 21, 2017
Richard Cutcher

Delaware to introduce dormant captive status

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Delaware will be the latest American domicile to add a ‘dormant’ definition...
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Monday, March 13, 2017
Richard Cutcher

Texas sitting on 32 captives after another strong year

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There were 32 active captives in the Lone Star State at 31...
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Wednesday, March 01, 2017
Richard Cutcher

Arkansas to introduce incorporated cells

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Sponsored captives in Arkansas will be able to facilitate incorporated as well...
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Friday, February 24, 2017
Richard Cutcher

Connecticut commissioner set to investigate microcaptives

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Connecticut’s insurance commissioner is set to embark on a study of those...
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Tuesday, February 14, 2017
Richard Cutcher

Montana to introduce dormant status

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The legislature in Montana has introduced a Bill that will add dormant...
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Tuesday, February 07, 2017
Richard Cutcher

Captives of all sizes will benefit from Vermont tax credit change – David Provost

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The proposed tax credit change in Vermont’s latest captive bill will, if...
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Wednesday, February 01, 2017
Richard Cutcher

Tennessee to clamp down on late premium tax returns, new legislation proposed

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House Bill 302 has been filed in Tennessee’s General Assembly proposing a...
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Tuesday, January 31, 2017
Richard Cutcher

Agency captives a positive step for Vermont – Gary Osborne

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Introducing agency captives to Vermont will boost both the profile of the...
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Friday, January 20, 2017
Richard Cutcher

Vermont makes play for smaller captives with new legislation

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The Vermont Captive Insurance Association (VCIA) has put forward a captive bill...
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Tuesday, November 15, 2016
Richard Cutcher

Donald Trump: Five areas for US captive industry to watch

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President-elect Donald Trump will be inaugurated in Washington, D.C. on Friday, January...
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Tuesday, September 06, 2016
Richard Cutcher

TxCIA pursuing statute updates in 2017 legislative session

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The Texas Captive Insurance Association (TxCIA) is pursuing two substantial changes to...
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Friday, July 01, 2016
Richard Cutcher

Bermuda considers LLC legislation, inspired by Delaware

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The Bermuda government is considering new legislation that would introduce limited liability...
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Wednesday, June 29, 2016
Richard Cutcher

Captive amendments passing through Delaware’s legislature

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A Bill introduced to amend an “unintended consequence” of captive legislation passed...
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Friday, April 29, 2016
Richard Cutcher

Alabama captive amendments to take effect 1 July

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Alabama’s Governor Robert Bentley has signed House Bill 270 into law amending...
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Friday, April 29, 2016
Richard Cutcher

Governor signs Tennessee captive legislation focusing on re-domestications

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Amendments to Tennessee’s captive statute, including a one-year premium tax holiday for...
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Tuesday, April 26, 2016
Richard Cutcher

Vermont not ashamed to replicate rival domiciles – Rich Smith

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Rich Smith, president of the Vermont Captive Insurance Association (VCIA), has said...
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Monday, April 25, 2016
Richard Cutcher

Tennessee businesses have no reason to domicile elsewhere – Kevin Doherty

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President of the Tennessee Captive Insurance Association (TCIA) Kevin Doherty has told...
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Thursday, April 21, 2016
Richard Cutcher

States progress with updated captive statutes

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Captive insurance bills in Vermont, Tennessee and Alabama have either been signed...
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Thursday, March 24, 2016
Richard Cutcher

Legislation proposes substantial change to Alabama’s captive laws

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Legislation making its way through Alabama’s House of Representatives proposes several changes...
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Tuesday, February 09, 2016
Richard Cutcher

Georgia legislation proposes loosening requirements on captive managers

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Senate Bill 347 has been introduced to Georgia’s General Assembly, proposing amendments...
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Friday, January 15, 2016
Richard Cutcher

New Vermont legislation to be proposed today

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Rich Smith, chairman of the Vermont Captive Insurance Association (VCIA), will vouch...
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Monday, January 11, 2016
Richard Cutcher

NRRA opposes Nonprofit Property Protection Act

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The National Risk Retention Association (NRRA) will not support the Nonprofit Property...
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Friday, January 08, 2016
Richard Cutcher

Minor cell captive amendments proposed in South Dakota

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The Committee on Commerce and Energy has proposed a minor amendment to...
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Friday, December 18, 2015
Richard Cutcher

Some smaller captives will have to restructure or close – regulators

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A number of smaller captives making the 831(b) tax election will have...
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Tuesday, December 15, 2015
Richard Cutcher

831(b) uncertainty not impacting formation numbers

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Captive managers and state regulators remain upbeat in the face of continued...
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Friday, December 11, 2015
Richard Cutcher

Industry rallying to fight “harmful” 831(b) legislation

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America’s captive insurance industry, led by the Self Insurance Institute of America...
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Tuesday, December 01, 2015
Richard Cutcher

SIIA writes to captive regulators to share 831(b) legislation concerns

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The Self-Insurance Institute of America (SIIA) has written to state captive insurance...
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Monday, November 30, 2015
Richard Cutcher

NRRA scores another court victory for RRGs

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Dan Labrie, chairman of the National Risk Retention Association (NRRA), has lauded...
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Friday, October 30, 2015
Richard Cutcher

Missouri supports FHLB legislation, but asks for more

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The Missouri Captive Insurance Association (MOCIA) has voiced its support for HR3808...
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Tuesday, October 27, 2015
Richard Cutcher

BVI introduces greater flexibility to captive legislation

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Captive insurance companies in the British Virgin Islands (BVI) can now opt...
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Thursday, October 22, 2015
Richard Cutcher

IIABA opposes expansion of RRGs

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An attempt by Congress to allow risk retention groups (RRGs) to write...
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Thursday, October 08, 2015
Richard Cutcher

IA15 rises above Solvency II and BEPS as biggest UK captive concern

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The Insurance Act 2015 (IA15) is now a major concern for captive...
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Monday, August 03, 2015
Richard Cutcher

Clarification Act could leave captives “undefined” – TxCIA

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Representatives from the Texas Captive Insurance Association (TxCIA) have joined the list...
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Wednesday, July 22, 2015
Richard Cutcher

Captive Clarification Act may not benefit whole industry – Gary Osborne

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The Captive Clarification Act, put forward by Vermont and South Carolina and...
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Thursday, July 16, 2015
Richard Cutcher

VCIA grateful for reintroduction of Captive Clarification Act

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Rich Smith, president of the Vermont Captive Insurance Association (VCIA), is hopeful...
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Wednesday, July 15, 2015
Richard Cutcher

Oklahoma encourages redomestications with captive amendments

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Senate Bill 455 has been signed into law by Oklahoma Governor Mary...
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Monday, July 13, 2015
Richard Cutcher

Wide reaching changes to Delaware’s captive insurance laws

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Steve Kinion, director of Delaware’s bureau of captive and financial insurance products,...
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Wednesday, June 24, 2015
Richard Cutcher

North Carolina re-domestications will take time to materialise – Martin Eveleigh

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Atlas Insurance Management
Large North Carolina-headquartered businesses with established captives in other domiciles are unlikely...
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Tuesday, June 23, 2015
Richard Cutcher

Captive Clarification Act reintroduced in the US

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Senators from Vermont and South Carolina have reintroduced the Captive Clarification Act...
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Thursday, June 18, 2015
Richard Cutcher

Texas governor signs captive enhancements into law

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Senate Bill 667 has been signed into law by Texas Governor Greg...
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Wednesday, June 17, 2015
Richard Cutcher

North Carolina legislation makes progress

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House Bill 163 has been sent to North Carolina Governor Pat McCrory...
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Friday, May 22, 2015
Richard Cutcher

Texas captive legislation approaches final hurdle

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Senate Bill 667, supported by the Texas Captive Insurance Association (TxCIA), has...
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Tuesday, May 12, 2015
Richard Cutcher

SA Insurance Bill addresses cell captives

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South Africa’s draft Insurance Bill 2015 will bring some clarity to the...
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Wednesday, May 06, 2015
Richard Cutcher

Vermont cell and capital legislation due to be signed

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Vermont’s Governor Peter Shumlin is set to sign new captive legislation into...
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Thursday, April 23, 2015
Richard Cutcher

Captive Review May Edition

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Despite having covered the captive insurance industry for little over a year,...
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Tuesday, April 21, 2015
Richard Cutcher

Legislation introduced to increase 831(b) premium allowance

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The United States’ House of Representatives and Senate have received legislation that...
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Tuesday, April 21, 2015
Richard Cutcher

Barbados seeks feedback on cell legislation

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The Ministry of Industry, International Business, Commerce and Small Business Development in...
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Friday, April 17, 2015
Richard Cutcher

Montana legislates for public entity captive formation

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Public sector organisations can now establish captive insurance companies in Montana after...
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Wednesday, April 01, 2015
Richard Cutcher

Georgia reduces captive capital requirements

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Legislators in Georgia have moved to add a degree of flexibility to...
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Thursday, March 26, 2015
Richard Cutcher

South Dakota allows agency captives

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South Dakota is now open to licensing agency captive insurance companies after...
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Wednesday, March 25, 2015
Richard Cutcher

Vermont’s capital and cell proposals pass Commerce Committee

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Senate Bill 98, which proposes changes to Vermont’s cell regulation and capital...
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Friday, March 13, 2015
Richard Cutcher

UPDATE: Senator amends Illinois bill to repeal captive tax

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Senate Bill 1573, the proposal to repeal the controversial Illinois self-procurement tax...
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Tuesday, March 10, 2015
Richard Cutcher

ISPV legislation launched in Isle of Man

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The race among the European jurisdictions to attract insurance-linked securities (ILS) and...
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Wednesday, February 25, 2015
Richard Cutcher

BVI bullish over 2015 prospects with new legislation anticipated

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The British Virgin Islands’ (BVI) regulator is expecting a return to positive...
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Tuesday, February 24, 2015
Richard Cutcher

Texas Senate and House receive captive amendment legislation

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Legislation seeking to amend the rules around captives utilising reinsurance pooling arrangements...
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Thursday, February 05, 2015
Richard Cutcher

UK Insurance Act should be welcomed by captives – Kiran Soar

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The Houses of Parliament granted final approval of the Insurance Law Bill...
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Thursday, February 05, 2015
Richard Cutcher

TxCIA targets captive legislation amendments after Texas licenses 12 in 2014

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The Lone Star State licensed its first 12 captives in 2014 and...
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Wednesday, February 04, 2015
Richard Cutcher

Captive lobbyists target workers’ comp, cash and LLC flexibility in Tennessee

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Legislation proposed in Tennessee could provide captives with more flexibility on workers’...
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Thursday, January 29, 2015
Richard Cutcher

Vermont proposes to loosen restrictions on captive cash

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Captive insurance companies domiciled in Vermont may soon be able to make...
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Thursday, July 10, 2014
Richard Cutcher

North Carolina expecting growth after SPV legislation introduced

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Wayne Goodwin, North Carolina’s insurance commissioner, is confident the domicile will attract...
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Monday, June 23, 2014
Richard Cutcher

Ohio captive legislation a tool for local businesses – insurance director

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Mary Taylor, Ohio’s lieutenant governor and director of the state's Department of...
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Thursday, June 19, 2014
Richard Cutcher

Ohio joins captive club and includes SPV legislation

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Ohio captive legislation has been signed into law by Governor John Kasich,...
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Wednesday, January 29, 2014
Richard Cutcher

Vermont House considers dormant captive licences

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Draft legislation that would introduce dormant captive insurance company licences in Vermont...
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Thursday, November 14, 2013
Richard Cutcher

Law introduced to protect stop-loss captives

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Federal legislation has been introduced to ensure that regulators cannot re-define stop-loss...
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Friday, October 25, 2013
Richard Cutcher

North Carolina opens for business

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North Carolina has commenced operations as a captive insurance domicile. The North...
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Friday, May 31, 2013
Richard Cutcher

Texas passes captive law

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Texas has passed a law allowing for the formation of pure captive...
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Wednesday, May 29, 2013
Richard Cutcher

New insurance commissioner for Texas

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Julia Rathgeber has been appointed Texas’ new commissioner of insurance. She will...
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Tuesday, May 28, 2013
Richard Cutcher

Neal-Menendez bill back in Congress

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Legislation has been reintroduced in the United States House of Representatives and...
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Friday, May 24, 2013
Richard Cutcher

Missouri adopts new captive legislation

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Missouri has adopted captive legislation that will allow the formation of sponsored...
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Monday, January 16, 2012
Richard Cutcher

Michigan planning new captive laws

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Michigan is working on new proposals for its captive legislation, which are...
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Tuesday, November 22, 2011
Richard Cutcher

Anguilla hopes to pass new legislation by 2012

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Anguilla insurance regulators are hoping to pass a new insurance act to...
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Tuesday, November 22, 2011
Richard Cutcher

Arizona broadcast training sessions live

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Arizona regulators will discuss the Holdings Company Act and corporate governance standards...
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Friday, September 02, 2011
Richard Cutcher

TN licenses first captive since revamp

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Tennessee has authorised its first captive application since it updated its captive...
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Monday, February 08, 2010
Richard Cutcher

Risk Retention Reporter founder loses battle with cancer

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Karen Cutts, managing editor of trade journal the Risk Retention Reporter, has...
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Monday, July 27, 2009
Richard Cutcher

Missouri upgrades captive law

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Missouri Governor Jay Nixon has signed a new bill making it easier...
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Features
CR TV: Analysing Delaware’s captive market with regulator Stephen Taylor
Director of the Delaware Bureau of Captive and Financial Products Stephen Taylor identifies trends he...
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CR TV: Spring Consulting on key considerations for captive formation
In a wide ranging interview with Spring Consulting's Prabal Lakhanpal and Peter Johnson, the pair...
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Q&A: Big Ticket’s Ken Fraser and Rob Bartlett
Fresh from winning Insurtech Solution of the Year at the Captive Review US Awards earlier...
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Growth opportunities for PCCs and PCC cells in the UK and Europe
Michael Whitfield of Atlas Insurance PCC explains how, after the disruption caused by Brexit, the...
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