The Labuan International Business and Finance Center reported the highest number of license approvals in the last five years in 2012, according to an annual report issued by the Labuan Financial Services Authority. 20 June 2013
The Cook Islands, comprised of 15 small islands in the South Pacific, has become the third country in the region to pass captive insurance legislation. 19 June 2013
Meeting with the UK Prime Minister, David Cameron ahead of the G8 summit, Guernsey’s chief minister, Peter Harwood has defended the domicile’s international tax credentials. 18 June 2013
The American Council of Life Insurers has defended the value of captive insurance in the face of criticism of so-called ‘shadow insurance’ levelled at the life sector by the New York regulator. 17 June 2013
Despite uncertainties around the implications of Solvency II, captive levels remain robust, although increasing headwinds related to tax and reputation will present an increasing challenge. 14 June 2013
