Regulation

The European Parliament has voted overwhelmingly in favour of proposed amendments to the Solvency II directive that would bring some regulatory relief to captives from 2026.

Nevada's deputy insurance commissioner believes that if the Internal Revenue Service backtracks on proposed regulatory changes for 831(b) captives, around 50 of the 62 captives that were dissolved in the State last year will look to relaunch in the future.

The Captive Insurance Companies Association (CICA) has increased its investment in its federal advocacy efforts, according to CICA president Dan Towle.

A Bill containing language drafted by the National Risk Retention Association (NRRA) has been passed by the Florida Legislature and is awaiting signature by the State’s Governor Ron DeSantis.

Captive (re)insurers domiciled in the European Union may experience some regulatory relief from 2026 after the European Parliament circulated its agreed amendments to Solvency II.

Richard is joined by Chris Lay, William-Thomas Ferrand and Matthew Latham to discuss Marsh's position on a potential UK captive regime and what factors can make it successful.

Christopher Lay, CEO of Marsh McLennan UK, William Thomas-Ferrand and Matthew Latham explain why they are backing the London Market Group’s captive initiative.

Mike Kreidler, Insurance Commissioner for Washington State, has fined Geoduck Insurance Group, Inc $10,000 for transacting insurance business in the State without being registered with the Office of the Insurance Commissioner (OIC).