Market News
Hawaii Enacts New Law Allowing for Dormant Captive Insurance Companies
Hawaii's Act 069 enables captive insurance companies to obtain a certificate of dormancy, exempting them from certain taxes and reporting requirements while remaining legally compliant. Read More
UK Positioned To Become a Captive Insurance Domicile with Proper Regulations
The United Kingdom has the potential to lead in captive insurance with the right regulations. Industry experts urge the government to adopt a favorable regime, which could attract significant business, boost the economy, and create jobs, positioning the United Kingdom as a key global player in the insurance market. Read More
IAIS Opens Public Consultation on Draft Operational Resilience Objectives
The International Association of Insurance Supervisors (IAIS) has launched a public consultation on its draft paper on operational resilience objectives for the insurance sector, inviting feedback by October 11. This is the first phase of a two-part effort, with a toolkit to follow in 2025. A public webinar will be held in September to discuss the draft. Read More
US Captive Insurance Market Sees Strong Growth, Outperforms Commercial Peers
A.M. Best-rated US captives reported strong financial performance in 2023, with net income rising by 53 percent. These captives outperformed commercial peers, maintained stability despite market volatility, and expanded coverage for nontraditional risks, providing an effective alternative for enterprise risk management during challenging market conditions. Read More
Medical Stop-Loss Strategies in Captive Insurance
Hear from Hylant about how employers can manage rising costs from advanced medical treatments. Captive medical stop-loss insurance leverages data analysis to reduce risks and control expenses. By integrating this with a captive program, employers ensure quality care while safeguarding their financial health. Read More