News
Law & regulation
Alabama’s state legislature is examining a captive bill that will expand the state’s offering of alternative investment vehicles with three new categories of captives, for agency captives, reinsurance captives and special purpose finance captives. 16 February 2021
Law & regulation
The Oklahoma Insurance Department (OID) has named Donald Ashwood as its new captive coordinator and is looking to appoint a new captive director “in the near future”. 5 February 2021
Law & regulation
John Ludlow, Airmic’s chief executive, has called the UK Supreme Court’s ruling on the Financial Conduct Authority's business interruption insurance case for COVID-19 claims “one of the most important legal issues of the last decade.” 15 January 2021
Law & regulation
The Captive Insurance Companies Association (CICA), the Vermont Captive Insurance Association (VCIA) and the Captive Insurance Council of the District of Columbia (CICDC) have urged the US Treasury Department to maintain captives’ access to the Terrorism Risk Insurance Program (TRIP). 12 January 2021
Law & regulation
The Cayman Islands Monetary Authority (CIMA) has revoked the licence of CTS Captive Management for breaching the terms of the Insurance Act 2010. 11 January 2021
Law & regulation
Mike Causey took the oath of office for his second term as North Carolina’s Insurance Commissioner on January 9, 2021. 11 January 2021
Law & regulation
A bill has been presented in Alabama that will update the Alabama Captive Insurers Act to provide greater economic growth and development for the state’s captive insurance industry. 6 January 2021
Law & regulation
Kovrr, a cyber risk modeling company, has completed its service organisation control (SOC) 2 type II certification, demonstrating its ability to implement and execute strict security policies to protect customers data. 9 December 2020
Law & regulation
The Guernsey Financial Services Commission (GFSC) has introduced a pilot scheme for pre-authorisation for insurance cells. 4 December 2020
Law & regulation
HM Government of Gibraltar has introduced amendments to its insurance legislation to permit Gibraltar licensed insurance intermediaries to appoint an insurance manager. 30 November 2020
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