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EMEA analysis
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
Analysis
A recent report by Fitch Ratings has raised the spectre of the dumbing down of regulatory oversight by some jurisdictions as the number of captive domiciles increases. 16 September 2013
Accounting & tax analysis
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
Analysis
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
Law & regulation
Vermont Insurance Commissioner Susan Donegan said that Vermont had no interest in any moratorium efforts. 2 September 2013
Executive Appointments
As expected, Sanford Saito has been appointed interim Hawaii captive insurance administrator following the resignation of George Sumner. 2 September 2013
EMEA analysis
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
article
Lawrence Bird told Captive International that the departure of David Fox did not indicate a strategic shift or change in priorities. 27 August 2013
New Captive Models
The facility also added a new excess rainfall product to its portfolio. 27 August 2013
Executive Appointments
Sanford Saito is expected to be named as the interim leader. 27 August 2013
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