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Law & regulation
Advantage Insurance has formed a captive in South Carolina to write life insurance. 15 September 2014
Bermuda analysis
Artex Risk Solutions, Arthur J. Gallagher’s (AJG) Bermuda-based captive management and alternative risk programmes operation, has confirmed that it is involved in the US Internal Revenue Service (IRS) investigation into the captive industry. 9 September 2014
Cayman analysis
The UK Financial Conduct Authority (FCA) has removed from its website the initial list of ‘High Risk Countries’ and committed to a full review of the methodology that resulted in the Cayman Islands being placed on the list. 8 September 2014
Asset management analysis
Concerns remain about the implications of Solvency II despite continued investment growth in the European economy during 2013. 2 September 2014
Actuarial & underwriting
Triton Audit has partnered with Magellan Consultancy Services in order to create a US domiciled audit service, offering new audit and inspection facilities to the US insurance market. 1 September 2014
Cayman analysis
The Canadian and Cayman Islands insurance markets are made for each other, according to representatives from the Insurance Managers Association of Cayman, who have been showing increased interest in Canadian captives. 27 August 2014
Law & regulation
The Vermont Captive Insurance Association has highlighted a bill designed to clarify the treatment of captives in the federal Non-Admitted Reinsurance Reform Act (NRRA) during its recent annual conference. 27 August 2014
Actuarial & underwriting
Strategic Risk Solutions (SRS) is expanding its captive insurance business with the opening of an office in Austin, Texas. 26 August 2014
Law & regulation
The captive insurance industry has become accustomed to Congress waiting until the last second or beyond to extend the federal terrorism insurance backstop. 22 August 2014
Actuarial & underwriting
The NAIC has adopted a Corporate Governance Annual Disclosure Model Act and supporting Model Regulation, providing a means for insurance regulators to receive additional information on the corporate governance practices of US insurers on an annual basis. 19 August 2014
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