The Office of the Insurance Commissioner for the state of Washington has adopted the proposed regulations of the new captive insurance law, effective 21 December 2021
Captives will need to prepare for “drastic changes” in their reporting to ensure compliance with the upcoming requirements of IFRS 17, according to Marsh
The concessions of the Internal Revenue Service in a legal challenge of a captive insurance company have been accepted by a judge in a US Tax Court before trial
Captive insurance and reinsurance management companies are specifically excluded from new guidance by the Central Bank of Ireland on the use of service companies for staffing purposes in the insurance sector
The Organisation for Economic Cooperation and Development has finalised its reform of the international tax system to ensure that multinational enterprises will be subject to a minimum tax rate of 15 per cent from 2023
The European Commission’s proposal to lower Solvency II capital charges for longer-term business will benefit the European insurance sector’s burgeoning interest in ESG investments, according to Fitch Ratings
The Financial Sector Conduct Authority and Prudential Authority of South Africa have released a joint guidance notice concerning the application of sections 5(1) and 5(2) of the Insurance Act
