Articles

Law & regulation

South Carolina passes incorporated cell legislation

The South Carolina General Assembly has passed legislation for the purpose of providing additional options to businesses interested in domiciling in the state.   3 June 2014

Bermuda analysis

From strength to strength

Following a full year of incorporations in 2013, the BMA is looking forward to a busy time in 2014. Shelby Weldon talks us through recent successes.   29 May 2014

Law & regulation

New Connecticut captive law offers more opportunity

Amendments to Connecticut’s captive insurance law will take effect from 1st of October, 2014 after governor Dannel P Malloy signed SB 188 into law.   28 May 2014

Bermuda analysis

CICA explains its rejection of NAIC's multi-state reinsurer definition

CICA has reiterated its disapproval of the NAIC’s proposed definition of 'multi-state reinsurer', stating that it would impose an unreasonable and unneeded regulatory burden on the captive industry.   21 May 2014

Law & regulation

Connecticut extends its innovation with SB 188

The state of Connecticut’s insurance department has updated its existing captive statutes by making changes to Senate Bill 188.   15 May 2014

Law & regulation

NAIC’s multi-state reinsurer definition not good enough for captives

JLT Insurance Management has joined with CICA and the captive industry in requesting for the NAIC to reconsider its proposed definition of "multi-state reinsurer."   12 May 2014

Law & regulation

Connecticut a final step away from captive law modernization

Public Act No. 14-6, which would amend Connecticut’s captive insurance law, has passed both the Connecticut state senate and House of Representatives, and is on its way to governor Malloy’s desk for signature.   7 May 2014

Feasibility studies analysis

Lone Star state welcomes three captives

The Texas Department of Insurance has welcomed one new captive and two redomesticated captives to the state as Texas opens its doors to the captive concept.   11 April 2014

Analysis

Cayman-based captive receives rating downgrade

Risk Reinsurance, the captive of Transpower New Zealand, the state-owned operator of the country’s electricity grid, has had its financial strength rating downgraded from A+ to A by AM Best.   3 April 2014

Analysis

Delaware signals objections to Rector Report

Delaware’s Captive Insurance Association has voiced its opposition to the NAIC’s Rector Proposal, which intends to limit the flexibility of assets used to support insurance reserves and may impact the value proposition of life reinsurance captives.   31 March 2014

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