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. 16 September 2013
Guernsey has signed tax information exchange agreements (TIEAs) with Hungary and Switzerland, taking its tally of TIEAs to 46—16 of which are with members of the G20. 16 September 2013
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. 4 September 2013
As expected, Sanford Saito has been appointed interim Hawaii captive insurance administrator following the resignation of George Sumner. 2 September 2013
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. 2 September 2013
Only 12 captives have redomesticated from Bermuda over the past three years, with none having moved this year, according to figures from the BMA. 23 August 2013
Ross Elliott, Utah’s captive director, told A.M. Best that the middle market’s demand for captives is such that the State alone could not satisfy its needs. 19 August 2013
