News
Executive Appointments
The CCIA will hold a “Captive Insurance Day at the Capitol” on the 14th of May in Hartford, Connecticut. 8 May 2013
Law & regulation
The Self-Insurance Institute of America (SIIA) sent a letter to California Senator Ed Hernandez voicing their official opposition to Bill SB 161. 3 May 2013
Analysis
Domicile selection presents a lot of questions, particularly in today’s uncertain regulatory environment. Captive International spoke to representatives from four domiciles to suss out what captive owners should look for when selecting a home for their captive. 2 May 2013
Bermuda analysis
The Marsh annual benchmarking report for 2012 found that new captive owners are gravitating toward onshore domiciles in the US and the EU, although few existing captives are re-domesticating to onshore jurisdictions. 29 April 2013
EMEA analysis
The latest Direct Taxation Arrangement (DTA) to be signed into law is between Guernsey and Hong Kong. 26 April 2013
EMEA analysis
Following in the footsteps of its European counterpart Solvency II, the South African Solvency Assessment and Management (SAM) regime for insurers has been delayed. 25 April 2013
EMEA analysis
Guernsey’s decision to opt out of Solvency II has helped to strengthen its global position in the captive industry, with the Island welcoming 72 licensees in 2011 and a further 97 in 2012, bringing total captives to 737 by the close of 2012. 24 April 2013
Accounting & tax analysis
All legal processes for the merger of Business Bermuda and the Insurance Development Council into the Bermuda Business Development Corporation (BBDC) were completed on Friday. 23 April 2013
Executive Appointments
The Executive Committee of the NAIC has announced plans to establish an American Indian Liaison Committee to address insurance issues involving the cooperation and relationship between sovereign states and sovereign tribal nations. 19 April 2013
Cayman analysis
In its latest Global Forum Peer Review, the OECD has given Cayman top marks for its “robust and transparent” legal and regulatory regime. 18 April 2013
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