Articles

Law & regulation

TDCI names Belinda Fortman as captive insurance section director

The Tennessee Department of Commerce and Insurance (TDCI) has named Belinda Fortman as its new captive insurance section director.   24 June 2020

Law & regulation

Guernsey simplifies MGA application process

The Guernsey Financial Services Commission (GFSC) has simplified the application process for managing general agents (MGA) wanting to operate in Guernsey.   17 June 2020

Law & regulation

Vermont governor signs new captive legislation focused on protected cells

Vermont Governor Phil Scott has signed new legislation that strengthens the state's captive insurance laws.   16 June 2020

Law & regulation

Managing captives amid rising social inflation

Social inflation is on the rise, and with it, loss liability claims. Captives should be aware of this trend and establish strategies to manage the resulting risks, say John Ferrara and Margo Mackenzie of EY.   5 June 2020

Law & regulation

US introduces PRIA bill to ensure future provision of pandemic coverage

The US has introduced the Pandemic Risk Insurance Act of 2020 to create a government-backstopped pandemic risk reinsurance programme (PRRP).   1 June 2020

Law & regulation

Triple-I launches FAIR campaign to advocate for re/insurance industry

The Insurance Information Institute (Triple-I) has launched the Future of American Insurance & Reinsurance (FAIR) campaign to defend the re/insurance industry’s ability to manage risk on behalf of its clients.   20 May 2020

Law & regulation

The small state with big plans for captives

Connecticut is a relative newcomer to the increasingly competitive world of captive insurance regulation, but has quickly earned a reputation as an attractive domicile. As pressure increases on offshore captives to bring business back onshore, the state hopes to capture a lot of new business. Captive International reports.   6 May 2020

Law & regulation

Supreme Court will hear CIC Services’ case against IRS over application of Anti Injunction Act

The Supreme Court of the US has agreed to hear CIC Services’ case against the Internal Revenue Service (IRS), in what CIC described as “a major victory today for taxpayers and those opposing administrative state overreach.”   5 May 2020

Law & regulation

Bermuda opens economic substance declaration portal

The Bermuda Registrar of Companies’ online portal (ESD portal) for filing economic substance declarations is now open.   4 May 2020

Accounting & tax analysis

IRS hostility to captives is exacerbating impact of COVID-19 on business: CIC Services

The IRS’ targeting of captive insurance companies has left companies more vulnerable to the economic ravages of COVID-19, according to CIC Services.   23 April 2020

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