Regulation and Oversight
Inside Captive Insurance Advocacy: VCIA's State and Federal Focus
This episode explores captive insurance advocacy at both the state and federal levels. The discussion examines Vermont Legislative Day; Hill Day in Washington, DC; Terrorism Risk Insurance Act reauthorization; National Association of Insurance Commissioners developments; and how the Vermont Captive Insurance Association (VCIA) sets priorities to proactively support and protect the captive insurance industry. Learn More
FERMA Seeks to Exempt Insurance from EU Public Procurement Directives
The Federation of European Risk Management Associations (FERMA) has called for excluding insurance policies from the scope of the European Union (EU) Public Procurement Directives. FERMA argues that the current EU public procurement framework is poorly suited to the needs of public sector organizations purchasing insurance. Learn More
PRA Sets UK Captive Insurance Regime Consultation for Summer 2026
The Prudential Regulation Authority (PRA) identified development of a UK captive insurance regime as a 2026 priority. In a letter to insurance chief executives, PRA leaders said a consultation is planned for summer 2026, with the regime expected to launch in 2027. Read More
NAIC Backs Bill to Abolish FIO, Reinforce State Insurance Oversight
The National Association of Insurance Commissioners (NAIC) supports a bill to eliminate the Federal Insurance Office (FIO) and reinforce state authority over insurance regulation. Introduced by Rep. Troy Downing, the legislation would also give state regulators voting rights on FSOC, reflecting efforts to maintain the long-standing state-based oversight model established by the McCarran-Ferguson Act. Read More
Oklahoma AG Opinion Clarifies Use of Captive Insurance by Public Entities
An Oklahoma attorney general (AG) opinion concludes that the state and its political subdivisions may form and own captive insurance companies to insure their own risks. The opinion clarifies constitutional concerns while noting that public entity captives must be carefully structured and remain subject to existing captive insurance licensing and oversight requirements. Read More
Regulatory Insight: How Vermont Evaluates Captive Insurance Applications
This episode explores the captive insurance application process from a Vermont regulatory lens. Jim DeVoe-Talluto outlines key steps, common delays, feasibility study essentials, board and adviser roles, capital expectations, and why early planning and clear risk-financing objectives lead to smoother approval and long-term captive success. Read More
Bermuda Law Brings Captives into Beneficial Ownership Register for First Time
Bermuda's Beneficial Ownership Act 2025 removes prior exemptions for captive insurers, bringing them under new disclosure and registration requirements. Captives must identify beneficial owners, verify ownership details, and file with the Registrar of Companies. The change aligns Bermuda with global transparency and anti–money laundering standards. Read More