Regulation and Oversight
NACD Report: "Adaptive Governance: Board Oversight of Disruptive Risks"
A new report from the National Association of Corporate Directors (NACD) looks at disruptive risk and proposes a methodology for dealing with the problem. We offer some analysis of the report and explain how the recommendation concerning adaptive governance is similar to our prior discussions of generative thinking. Read More
Veto Overridden on Illinois Legislation Containing Captive Provisions
Illinois lawmakers Tuesday overrode an earlier gubernatorial veto of legislation that will set new minimum capital and surplus requirements for captive insurance companies licensed in Illinois. Read More
First Captive Management License in Abu Dhabi Accorded to Marsh
Marsh has announced that it has obtained the first license to provide captive insurance management services in Abu Dhabi. The firm will operate as Marsh Management Services (MENA) Limited and is the first company to be authorized as a captive insurance manager by the Abu Dhabi regulatory authority. Read More
Barbados Repeals Exempted Insurance Act, Captives Maintain Zero Tax
The government of Barbados has announced a number of legislative measures as it moves toward tax convergence of the country's international and domestic business sectors. Captive insurers will maintain zero taxation. Read More
UK Insurers Make Plans for Passporting Rights Loss after Brexit
When the United Kingdom withdraws from the European Union, and at the end of any transition period, passporting rights that currently exist between the United Kingdom and the European Economic Area are expected to cease. A.M. Best explores this in a report, titled "UK Insurers Prepare for Loss of Passporting Rights Post Brexit." Read More