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Labuan to permit Islamic captives
19 January 2015
Labuan Reporter Stephen Durham

The Shariah Supervisory Council of Labuan Financial Services Authority (FSA)has resolved to permit captive and reinsurance forms of Islamic insurance, or ‘takaful’...

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Obama signs TRIA renewal
14 January 2015
Washington DC Reporter Stephen Durham

Despite the Terrorism Risk Insurance Act (TRIA) being allowed to expire on 31 December 2014...

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Senate votes to reauthorise TRIA
09 January 2015
Washington DC Reporter Stephen Durham

The US Senate has voted to reauthorise the Terrorism Risk Insurance Act (TRIA) through until the year 2020. The vote was 93 in favour and only four against...

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Hensarling optimistic regarding TRIA renewal
08 January 2015
Washington DC Reporter Stephen Durham

A Republican leader in the US has insisted that Congress will pay immediate attention to the now expired Terrorism Risk Insurance Act (TRIA), according to JLT Group...

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Insurers urged to respond to TRIA expiration
06 January 2015
New York Reporter Stephen Durham

Benjamin Lawsky, the superintendent of financial services for New York, has urged insurers based in the state to respond in writing to a number of questions related to the expiration of TRIA...

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DC amends captive insurance act
05 January 2015
Washington DC Reporter Stephen Durham

The District of Columbia has approved enacting amendments to the Captive Insurance Company Act of 2004 in order to, among other things, strike any and all references to segregated accounts within the legislation...

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EIOPA gives Bermuda thumbs up
22 December 2014
Bermuda Reporter Stephen Durham

EIOPA has endorsed key aspects of Bermuda’s commercial reinsurance regulatory regime as meeting the criteria of the Solvency II directive...

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