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EMEA analysis
Gabriel Bernardino of EIOPA has promised to deliver a set of Solvency II implementation guidelines for consultation in the spring and due to be tabled at the EIOPA board of supervisors by autumn. 20 February 2013
Law & regulation
Law firm, Anderson Kill & Olick, known primarily for representing policyholders in insurance coverage disputes, has announced that it will open a new office in Burlington, Vermont to better service the captive insurance industry. 18 February 2013
Law & regulation
The Self-Insurance Institute of America announced that a Self-Insurance Defence League (SIDL) has been formed to coordinate lobbying, litigation and media relations activities of leading national trade associations. 14 February 2013
Asset management analysis
According to a special report issued this week by AM Best, captives survived the economic collapse but
Solvency II’s implementation presents considerable problems for the industry. 14 February 2013
Cayman analysis
The Cayman Islands Monetary Authority recently entered into a consultation process with industry regarding a new corporate governance regime. Captive International spoke with Rob Leadbetter. 5 February 2013
Analysis
KPMG expressed concern this week that the latest European Insurance and Occupational Pensions Authority (EIOPA) survey in the run up to Solvency II implementation could cause further delays. 29 January 2013
Actuarial & underwriting
The Bermuda Monetary Authority (BMA) confirmed this week that it would not apply Solvency II to the Island’s captive sector. 29 January 2013
Analysis
Speaking on the occasion of the Vermont Captive Insurance Division Day, Vermont governor, Peter Shumlin indicated that 32 new captive licenses had been issued in 2012. 17 January 2013
Law & regulation
In its latest Biennial Report to the 83rd Legislature, submitted at the end of 2012, the Texas Department of Insurance (TDI) took issue with Texas law, which does not permit the establishment of captives. 10 January 2013
Analysis
Guernsey achieved considerable success in the captive sphere in 2012, and the jurisdiction is preparing for another fruitful year in 2013. 10 January 2013
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