Regulation and Oversight
Proposed NRRA Bill Passes Florida Legislature
A legislative proposal aimed at protecting risk retention groups has passed both houses of the Florida legislature and awaits Governor Ron DeSantis' signature. Read More
Hong Kong Proposes Insurance Regulations That Include Captive Insurers
The Hong Kong Insurance Authority has made available draft rules for the maintenance of assets in Hong Kong pertaining to captive insurers. Read More
Washington Fines Utah-Domiciled Captive for Failing To Register
Washington Insurance Commissioner Mike Kreidler has fined a Utah-domiciled captive insurance company as part of fines levied in November for violating Washington insurance laws and regulations. Mr. Kreidler fined Geoduck Insurance Group, Inc., for conducting insurance business in Washington between 2014 and 2021 without being registered as a captive insurer. Read More
Unlocking Captive Insurance: Tailored Solutions and Expert Insights
Uncover a road map for curating tailored insurance solutions through captive insurance and gain exclusive insights into navigating regulatory landscapes in the United Kingdom and Europe. Read More
Bermuda Regulators, White Rock Bermuda Agree on Vesttoo Actions
The Bermuda Monetary Authority (BMA) and White Rock Insurance (SAC) Ltd. (White Rock Bermuda) have agreed to a course of action in the Supreme Court of Bermuda focused on pursuing maximum recovery for the (re)insureds affected by the alleged fraud involving Vesttoo-related segregated cell accounts. Read More