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Analysis
Increased political pressure could see more offshore captives head onshore in the coming months, according to Clive O’Connell, a partner at Goldberg Segalla Global. 30 May 2013
EMEA analysis
The Monetary Authority of Singapore has opened a representative office office in Beijing, China, in order to strengthen bilateral collaboration between the MAS and Chinese financial regulatory authorities. 29 May 2013
Cayman analysis
The US’s largest insurer, MetLife has moved to close its Cayman-based captive following accusations from the New York Department of Financial Services that the entity was obscuring risks held by the insurer. 23 May 2013
Bermuda analysis
Following the appointment of Craig Swan as Managing Director, Supervision, the Bermuda Monetary Authority (BMA) has restructured its management team. 23 May 2013
Analysis
Thanks to broad bipartisan political support in the state for the enactment of captive legislation, North Carolina looks set be the latest US domicile to enter the captive field. 23 May 2013
Law & regulation
Governor Jay Nixon of Missouri signed legislation authorizing the formation and operation of sponsored captive insurance companies—or segregated cells—last week. 22 May 2013
Analysis
As two captive insurance bills wind their way through the North Carolina state legislature, an association has formed to help them find their way. 13 May 2013
Law & regulation
The NAIC will host the 6th annual International Insurance Forum in Washington, D.C. The two day forum will open on May 9th. 9 May 2013
Executive Appointments
The CCIA will hold a “Captive Insurance Day at the Capitol” on the 14th of May in Hartford, Connecticut. 8 May 2013
Law & regulation
The Self-Insurance Institute of America (SIIA) sent a letter to California Senator Ed Hernandez voicing their official opposition to Bill SB 161. 3 May 2013
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