David Cameron, prime minister of the United Kingdom, has made it clear to his parliament that he does not consider offshore territories like Guernsey and Jersey to be tax havens.
With captives writing increasing levels of employee benefits, closer attention will need to be paid to Solvency II’s second pillar—concerning corporate governance—says Towers Watson.
As expected, Sanford Saito has been appointed interim Hawaii captive insurance administrator following the resignation of George Sumner.
Vermont Insurance Commissioner Susan Donegan said that Vermont had no interest in any moratorium efforts.
The United Kingdom’s Financial Stability Board (FSB) issued a peer report indicating that the US could improve insurance supervision in a number of areas.
Captives can help healthcare cope with a changing risk environment in the face of the Affordable Care Act (ACA).
The facility also added a new excess rainfall product to its portfolio.
Sanford Saito is expected to be named as the interim leader.
Lawrence Bird told Captive International that the departure of David Fox did not indicate a strategic shift or change in priorities.
Only 12 captives have redomesticated from Bermuda over the past three years, with none having moved this year, according to figures from the BMA.