News
Law & regulation
The Missouri Department of Commerce & Insurance (DCI) has hired a new captive manager to develop and implement strategies to enhance its captive insurance offering. 7 July 2021
Law & regulation
The Financial Action Task Force (FATF), the global money laundering and terrorist financing watchdog, has added Malta to its so-called grey list of countries under increased monitoring. 25 June 2021
Law & regulation
The State of Connecticut has provided another $100 million of financing to the Connecticut Foundation Solutions Indemnity Company (CFSIC), the captive insurance company established to protect homeowners suffering from crumbling foundations due to the iron sulfide mineral pyrrhotite. 25 June 2021
Law & regulation
The fate of Aon’s combination with Willis Towers Watson has been thrown into doubt after the US Department of Justice sued to block the deal over concerns it would eliminate vital competition in the market. 17 June 2021
Law & regulation
Anguilla Finance (AF) has ceased to function as Anguilla’s financial services marketing arm as of the end May 2021. 8 June 2021
Law & regulation
Delaware’s captive insurance industry is characterised by its high degree of intimacy, with constant dialogue between market participants and the regulator ensuring it is always an easy place to do business, says Joanne Shaver of the Delaware Captive Insurance Association. 7 June 2021
Law & regulation
Tennessee has approved updates to its captive insurance statute that it believes provide a strong incentive to captives to domicile in the state, as it seeks to keep up the momentum that saw strong growth in the captive sector in 2020. 7 June 2021
Law & regulation
The London Market Group (LMG) has called for policymakers to promote London as a centre for captive insurance companies, as part of a five point plan to develop the UK’s re/insurance industry. 7 June 2021
Law & regulation
The Connecticut House of Representatives has approved a bill to expand protections for homeowners struggling with crumbling concrete foundations due to contamination from pyrrhotite. 3 June 2021
Law & regulation
Latham & Watkins (L&W) has hired a new partner in its litigation and trial department and a member of its complex commercial litigation practice, in the Los Angeles office. 3 June 2021
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