Regulation and Oversight

Starbucks and Alaska Air Captives Ordered To Stop Writing Business

January 3, 2020

Washington State Insurance Commissioner Mike Kreidler has ordered two captive insurance companies to stop writing business in the state. Read More

NAIC Places Bermuda on Reciprocal Jurisdiction List

December 16, 2019

The Bermuda Monetary Authority will be placed on the National Association of Insurance Commissioners (NAIC) List of Reciprocal Jurisdictions effective January 1, 2020. Read More

Starbucks Disputes Captive Premium Taxes Levied by Washington State

December 12, 2019

Starbucks disputes premium taxes and fines levied by Washington State for its Vermont-domiciled captive insurance company. Read More

Labuan IBFC Leads Asia in Captive Insurer Formations

November 6, 2019

A recent report, titled "Driving Captive Transformation in Asia," reveals that 50 percent of all new captive incorporations in Asia are from Labuan International Business and Financial Center (Labuan IBFC). Read More

No Sign of Tax Battles Easing for Captive Insurance Companies

October 28, 2019

For decades, captive insurance companies have fought legal battles over tax issues with federal regulators and, more recently, state regulators, and there is no sign those battles are easing. Read More