Regulation and Oversight
Lloyd's Establishes Framework for Broker-Originated Reinsurance Structures
Lloyd's has issued a new framework for broker-originated reinsurance structures, effective January 1, 2027. The guidance establishes capital, eligibility, underwriting, and oversight requirements for arrangements supported by third-party investors. It also restricts broker ownership, sets participation limits, and requires prior submission for captive involvement in these reinsurance structures. Learn More
Maryland Advances Review of Captive Insurance Premium Tax Rules
The Maryland Insurance Administration held a public meeting to examine captive insurance arrangements, including offshore captives used by nonprofit hospitals. The review focuses on premium tax obligations, regulatory oversight, and transparency. Findings and recommendations from the state-mandated study are due January 1, 2027, and could inform future regulatory action. Learn More
Senate Passes TRIP Reauthorization as Captives Remain Key Participants
Congress has advanced legislation to extend the Terrorism Risk Insurance Program (TRIP) through 2034, with both the House and Senate passing reauthorization bills. As lawmakers work to resolve differences between the measures, Treasury data shows captive insurers continue to participate in TRIP and provide terrorism coverage for a range of exposures. Read More
Louisiana Adopts Regulation 139 for Captive Insurance Companies
Louisiana has adopted Regulation 139, implementing captive insurance provisions established under the state's Creating Holistic Options in Coverage for Enterprise and Self-Insurance (CHOICES) Law. The regulation addresses licensing, capitalization, financial reporting, service providers, redomestication, and dormant status for captive insurers and risk retention groups domiciled in Louisiana, establishing requirements for their formation and ongoing operation. Read More
Tennessee Proposes Updates to Captive Insurance Regulations
Tennessee will hold an October 20 rulemaking hearing on proposed captive insurance regulations addressing financial reporting, audits, actuarial opinions, examinations, service providers, captive managers, and licensing procedures. The proposals also establish standards for virtual annual meetings, abandoned applications, and backdating certificates of authority or approvals to operate in the state. Read More
Hawaii Updates Captive Insurance Examination Law
Hawaii has enacted Act 255, updating its captive insurance examination framework with a risk-based approach. The law gives the insurance commissioner discretion over examination schedules for most captive insurers through 2031 while maintaining regulatory oversight. The legislation aims to improve regulatory efficiency and reinforces Hawaii's position as a leading captive insurance domicile. Read More
UK Regulators Propose Tailored Captive Insurance Regime
UK regulators proposed a tailored captive insurance regime for single-parent captives featuring lower capital and reporting requirements, flexible capital resources, and a streamlined authorization process. The framework would permit direct and reinsurance business, subject to certain restrictions. Consultation responses are due October 14, 2026, with implementation expected in mid-2027. Read More