Tuesday, May 21, 2024

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European Parliament rubber stamps Solvency II reform for captives

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 expecting 50 dissolved captives to re-form if IRS backs down

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.

CICA ramps up federal lobbying efforts

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

NRRA celebrates legislative progress for RRGs in Florida

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.

Regulatory concessions under Solvency II for “small and non-complex undertakings”

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.

GCP Short: What would make a successful UK captive domicile?

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.

Ideal timing for UK’s captive market entrance

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.

Washington State fines second Utah captive for unauthorised insurance

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).

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GCP Short: Edgware Re, the cyber group captive

Richard is joined by Ellen Charnley, president of Marsh Captive Solutions, and Tom Raegan, global head of cyber at Marsh Specialty, to discuss the genesis of Edgware Re, its new Bermuda-domiciled group captive for cyber.

GCP #102: Matthew Reddington RMC case, Loren Crannell on Juul Labs captive

Richard is joined by Matthew Reddington, at ZMF Law, to discuss the recent RMC Group court victory, and Loren Crannell, who explains why a captive has been such an important business enabler for Juul Labs.

GCP #101: The Boys Town captive, and MAC on life after regulating

Richard is joined by David Williams, Director of Risk Management & Safety at Boys Town, to discuss the Tennessee-captive formed by the not-for-profit in 2022, and former regulator Michael Corbett.