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Law & regulation
Anderson Kill & Olick released a whitepaper arguing that the NRRA was probably not intended to apply to captives— but that might not matter when it comes to enforcing the legislation. 1 March 2013
Executive Appointments
Raymond Farmer’s appointment as director of the South Carolina Department of Insurance has been confirmed by the state’s senate. 25 February 2013
Analysis
AM Best affirmed their rating of Vermont-domiciled Gateway Rivers Insurance Company, which provides insurance coverage to subsidiaries of AT&T. 22 February 2013
Analysis
Ongoing uncertainty regarding the deadline and implementation of Solvency II are creating regulatory fatigue among European re/insurers, says KPMG in a new report. 21 February 2013
EMEA analysis
Gabriel Bernardino of EIOPA has promised to deliver a set of Solvency II implementation guidelines for consultation in the spring and due to be tabled at the EIOPA board of supervisors by autumn. 20 February 2013
Law & regulation
Law firm, Anderson Kill & Olick, known primarily for representing policyholders in insurance coverage disputes, has announced that it will open a new office in Burlington, Vermont to better service the captive insurance industry. 18 February 2013
Law & regulation
The Self-Insurance Institute of America announced that a Self-Insurance Defence League (SIDL) has been formed to coordinate lobbying, litigation and media relations activities of leading national trade associations. 14 February 2013
Asset management analysis
According to a special report issued this week by AM Best, captives survived the economic collapse but
Solvency II’s implementation presents considerable problems for the industry. 14 February 2013
Cayman analysis
The Cayman Islands Monetary Authority recently entered into a consultation process with industry regarding a new corporate governance regime. Captive International spoke with Rob Leadbetter. 5 February 2013
Actuarial & underwriting
The Bermuda Monetary Authority (BMA) confirmed this week that it would not apply Solvency II to the Island’s captive sector. 29 January 2013
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