Regulation and Oversight
Vermont Eases In-State Board Meeting Requirement Due to COVID-19
The Vermont Department of Financial Regulation (DFR) has eased its requirement for in-state captive insurance company board meetings in 2020 due to the COVID-19 outbreak. The DFR said it will allow captive boards unable to hold required annual meetings in Vermont in 2020 to seek a waiver from the department. Read More
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