Regulation and Oversight
Joining just a handful of other US domiciles, Tennessee last week licensed its 200th captive.
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.
Delaware licensed 56 captives in 2019, with most of the new captives licensed under a fast-track procedure.
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.
In its newly released year-end report, the North Carolina Department of Insurance provides additional information about the domicile's 2019 captive insurance company growth.