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Barbados expects new OECD BEPS measures to boost international presence
Law & regulation
The Government of Barbados’ overhaul of its insurance law is expected to give the domicile a competitive advantage and enhance its international reputation, according to Kenneth Campbell, director, investment promotion, at Invest Barbados.   11 March 2019
Captive insurance industry continues to be misunderstood: CICA president
Law & regulation
Against a backdrop of increased scrutiny, high-profile tax court cases, and regulatory overreach by home state regulators, the captive industry continues to be misunderstood, according to Dan Towle, president of the Captive Insurance Companies Association (CICA).   11 March 2019
Analysis
Michigan State University (MSU) had set up a captive insurance company following its former primary insurer, United Educators, introducing “onerous” new terms after allegedly failing to provide general liability insurance coverage for lawsuits and claims arising from the Larry Nassar sex abuse scandal.   7 March 2019
Analysis
North Carolina has introduced a new bill aimed at attracting redomestications of captive insurance companies back to the state through a "premium tax holiday".   5 March 2019
Analysis
Rising geopolitical and geo-economic tensions are leading to increased uncertainty and risk for multinationals with direct foreign investments, which in turn provides opportunity for political and trade credit insurance, and by extension captive insurance.   28 February 2019
Analysis
US District of Columbia mayor Muriel Bowser has recently established a council charged  with studying and reporting on the feasibility of implementing a financial services regulatory sandbox in Washington DC.   21 February 2019
Analysis
European Insurance and Occupational Pensions Authority (EIOPA) has issued guidance for European regulators to ensure insurance contract continuity if the UK leaves the European Union with no deal.   20 February 2019
Analysis
The State of Vermont has introduced a new bill to tidy up and modernise parts of its captive insurance law as it enters its 2019 legislative session.   18 February 2019
Analysis
The Cayman Islands Monetary Authority (CIMA) issued 33 captive insurance licenses in 2018, and surrendered 26, bringing the total to 703.   11 February 2019
Analysis
The Bermuda Monetary Authority (BMA) registered 19 new captive insurance companies in 2018, up from 17 in 2017.   29 January 2019

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