Regulation and Oversight

Treasury's Proposed Regulations on the PFIC Rules Insurance Exception

July 16, 2019

Treasury has issued proposed regulations on the insurance exception to the passive foreign investment company rules. This article focuses on only one of the aspects of the regulations, albeit a very important one for captive insurance companies-the active conduct requirements. Read More

Vermont's Insurance Regulatory Sandbox

June 14, 2019

Governor Phil Scott signed legislation on June 10 to enable InsurTech experimentation and innovation in Vermont. Among other things, the insurance and securities bill (S. 131) creates an InsurTech "sandbox," which will allow more research and development in this area with specific guidelines. Read More

Swiss Re Issues Latest Catastrophe Bond under Singapore ILS Regime

May 30, 2019

Swiss Re Capital Markets recently issued its first catastrophe bond under the new insurance-linked security (ILS) regulatory regime in Singapore. Read More

AkinovA Secures Bermuda's First Insurance Regulatory Sandbox License

May 17, 2019

AkinovA (Bermuda) Ltd. has secured the first Insurance Regulatory Sandbox license from the Bermuda Monetary Authority under the jurisdiction's new legislative framework that came into effect in July 2018. Read More

Aruba, Barbados, and Bermuda Removed from the EU Blacklist

May 17, 2019

The Economic and Financial Affairs Council in Brussels has removed Aruba, Barbados, and Bermuda from the European Union's list of noncooperative tax jurisdictions. Read More