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.
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.
Guernsey achieved considerable success in the captive sphere in 2012, and the jurisdiction is preparing for another fruitful year in 2013.
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.
The outgoing chairman of the Subcommittee on Insurance speaks out over captive treatment under Dodd-Frank.
Moody’s announced on Friday that it had downgraded the sovereign debt of The Bahamas one notch to Baa1. The outlook remains negative, but the new rating is still within investment grade.
The Royal Cayman Island Police Service (RCIPS) has confirmed that Cayman Island Premier McKeeva Bush was arrested and then released on bail on Tuesday night.
The National Association of Insurance Commissioners (NAIC) elected their 2013 officers this week.
Recent claims by some in the industry that the costs of Solvency II compliance could be passed to captives will not necessarily be true, according to European insurance experts.
The Captive Insurance Companies Association (CICA) has this week criticised the findings of a white paper published by the National Association of Insurance Commissioners (NAIC).