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Texas DI recommends law to allow pure captive

North America10-01-2013Captive International

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.

Captive-friendly clarification a victory for the CCIC

North America10-01-2013Captive International

The outgoing chairman of the Subcommittee on Insurance speaks out over captive treatment under Dodd-Frank.

Moody’s downgrades Bahamas

Bermuda, Cayman and Caribbean20-12-2012Captive International

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.

Cayman captives won’t be affected by Premier’s arrest

Bermuda, Cayman and Caribbean13-12-2012

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.

NAIC elects 2013 officers

North America06-12-2012

The National Association of Insurance Commissioners (NAIC) elected their 2013 officers this week.

Solvency II implementation will be strategic for captives

EMEA, Europe29-11-2012

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.

CICA criticises NAIC report into captive regulation

Europe, North America22-11-2012

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).

Obamacare exchanges given another month

North America22-11-2012

The US Department of Health and Human Services has allowed states in the US one more month to decide how, and whether to, implement the health exchange portion of the Patient Protection and Affordable Care Act.

A timely Solvency II requires political will


The European Insurance and Occupational Pensions Authority (EIOPA) insists that political buy-in from the EU is essential for the creation of a credible timetable for Solvency II.

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