EIOPA’s opinion on the Solvency II 2020 Review to the EC suggested that although no fundamental changes are needed, a number of adjustments are required to ensure that the regulatory framework continues as a well-functioning risk-based regime
The Government of Gibraltar has introduced legislation that will allow EEA insurers, including captives, to continue providing policies, after the UK transition period ends with the EU
Diana Lafita of Loyens & Loeff revealed that captive insurance companies active in Switzerland are set to benefit from the partial revision of the Insurance Oversight Act
The US Department of the Treasury has issued proposed rules to implement technical changes, including the participation of captives, to the TRIP required by the TRIPRA of 2019
Commissioner Michael Pieciak of the Vermont Department of Financial Regulation has filed a federal lawsuit in the US District Court for the District of Vermont against Jasbir Thandi, the former president of Global Hawk Risk Retention Group
The new time-limited settlement offers will be sent out by the IRS in the coming days with terms that are “stricter” than the first time-limited initiative that started in September last year
The appeal challenges the US tax court’s rulings in the Reserve Mechanical captive insurance case
