Regulation and Oversight
Bermuda Extends Captive Reporting Deadline Due to COVID-19
Responding to the business disruptions resulting from COVID-19, the Bermuda Monetary Authority (BMA) is giving captive insurers licensed in the domicile more time to file annual reports. The BMA said it will waive the fee that had applied for captive insurance companies that sought a 1-month delay in filing requirements. Read More
Tennessee Captive Domicile Licenses 200th Captive Insurer
Joining just a handful of other US domiciles, Tennessee last week licensed its 200th captive. Read More
Solvency II Review To Dominate Regulatory Agenda for European Insurers
The European Commission's 2020 review of Solvency II is likely to be the dominant regulatory theme in European insurance over the next few years, according to Fitch Ratings. Read More
Conditional Licensing Boosts Delaware Captive Formations in 2019
Delaware licensed 56 captives in 2019, with most of the new captives licensed under a fast-track procedure. Read More
Compromise Urged on RRG Coverage Expansion Legislation
At a recent House of Representatives subcommittee hearing, lawmakers were urged to compromise on legislation that would allow certain Risk Retention Group (RRG) to expand coverages they can offer to their policyholders. Read More