Regulation

There was an optimistic tone to conversations concerning the potential UK captive regime at the Airmic conference this week, as industry readies itself for further engagement with regulators.

The Financial Services Commission of Barbados has launched a consultation, with questions on legal and structural framework, financial and capital requirements and licensing timelines, among other topics.

Tennessee’s business friendly environment and ‘say yes’ attitude are two of the reasons behind the jurisdiction’s continued growth as a captive domicile.

Vermont Governor Phil Scott has signed into law the Department of Financial Regulation’s (DFR) 2025 housekeeping bill, H.137.

North Carolina’s flexible legislation and experienced regulatory team are two of the main drivers behind the jurisdiction’s steep climb to become one of the fastest growing domiciles in the United States over the past ten years.

The newly formed Georgia Captive Insurance Council (GCIC) is supporting House Bill 348, which would be the State’s first update to its captive legislation since 2019.

Airmic, the UK’s risk and insurance management association, has submitted its response to the Government’s consultation on whether to establish a regulatory regime for captives.

Captives domiciled in the European Union may have to wait longer than expected for regulatory relief, after the European Parliament published Directive 2025/2, amending the text of Solvency II which should bring more proportionality for “small and non-complex undertakings”.