Vermont House Bill 659 clarifies the law in multiple instances to improve the process and consistency of regulatory practices, address unnecessary redundancies, and better align requirements with the captive marketplace.
Insurance Europe has urged the European Commission (EC) to adhere to the established political consensus and EU targets during the technical discussions of the Solvency II review.
The commissioner will be authorised to impose additional conditions on captives related to capital and surplus to ensure the solvency and efficient operations of captives.
Fitch anticipates that while the majority of insurers will remain in Bermuda, some on the margin may prefer other regulatory regimes with less strict capital standards.
It aims to address investment managers' demand for greater clarity following Solvency II reforms and insurers' increased focus on solvency risk factors.
The legislation, known as the EU's main piece of legislation in the insurance area, cites captives under its definition of ‘small and non-complex undertakings’.
The firm has invested in Moody’s RMS Intelligent Risk Platform to inject new data and functionality to support its analysts, providing better insights to frontline underwriters, as well as capital and pricing teams.
The collaboration aims to serve a range of clients, including large corporations with captives, Lloyd’s syndicates and insurance-linked securities funds, promoting the benefits of parametric solutions.
In the first of two articles on captive legislation in US states, Diana Bui talks to regulators from Vermont, Utah and North Carolina about their strategies to stay competitive and adapt to industry changes
Strickland Hardee’s Caleb Cronce, audit manager, and Audrey Cook, audit associate, explore the nuances between domiciles’ regulatory environments and how market participants can optimise their captive insurance programmes
Frances Jones reviews captive growth in Europe, while assessing proposed amendments to Solvency II regulations, set to facilitate further expansion within the EU
Frances Jones reviews the proliferation of PCCs in the captive industry and across key domiciles
Scott Simmons, director of Verve Risk Services, discusses the key decisions and oversight duties of captive insurance boards to help minimise D&O exposure risks. He highlights proper governance, planning, due diligence and accountability measures as imperative for directors
Joseph McDonald talks to John Savage about the examination requirements for captives in South Carolina, the full process surrounding the inspection, and what captives can expect during an examination
Leane Rafalko talks to Lyndsey Young about her new role as audit manager with RH CPAs
Marking one hundred years since Guernsey first incorporated a captive vehicle, WTW’s Mike Johns talks to Rebecca Delaney about how the captive industry has evolved on the island over time, and how it stands today
Ten years after the inception of its captive insurance law, North Carolina is flourishing, having hit a significant milestone in licences, and having become the third largest domicile in the US. Ned Holmes examines what the Old North State is doing right
In February 2023, Guernsey was confirmed as Europe’s most successful captive domicile. Ned Holmes examines what makes it an industry leader and what comes next
Ned Holmes speaks to Nigel Feetham on why Gibraltar is developing a special captive regime
Ian-Edward Stafrace of Atlas Insurance PCC, shares how Malta is quickly becoming a gateway for captives with risks in Europe, as well as a go-to destination for international companies seeking more efficient EU risk coverage
