The Bermuda Monetary Authority remains committed to regulating in accordance with evolving international standards while continuing to facilitate a business environment that encourages creativity and innovation, as Shelby Weldon, the authority’s director, licensing and authorisations, explains to Bermuda Captive.
The growth in US domiciles with captive regulation on their books has raised questions about the regulatory oversight of less experienced domiciles.
Health care reform in the US will change the landscape for medical liability captives. In the short term it seems that consolidation is inevitable, but longer term there may be significant opportunities for the Bermuda market.
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.
After extended delays Europe’s great insurance project is finally within sight. EIOPA’s chairman Gabriel Bernardino encourages the industry to help steer a course towards its final form.
Increasing regulatory scrutiny is an inevitable product of the maturing of the industry. Nevertheless, considerable headwinds face the sector, argues Dennis Harwick of CICA.
Captives face significant challenges associated with Solvency II but Guenter Droese, chairman of ECIROA, suggests that the principle of proportionality should place the industry in good stead when adapting to the new regulatory environment.
Fiona Le Poidevin outlines how differentiation outside Solvency II and innovative structures continue to set Guernsey apart from the global competition.
Jeff Kehler tells US Captive why South Carolina’s state motto, Prepared in Mind and Resources, goes double for the captive industry.