Regulation and Oversight
PRA Sets UK Captive Insurance Regime Consultation for Summer 2026
The Prudential Regulation Authority (PRA) identified development of a UK captive insurance regime as a 2026 priority. In a letter to insurance chief executives, PRA leaders said a consultation is planned for summer 2026, with the regime expected to launch in 2027. Learn More
NAIC Backs Bill to Abolish FIO, Reinforce State Insurance Oversight
The National Association of Insurance Commissioners (NAIC) supports a bill to eliminate the Federal Insurance Office (FIO) and reinforce state authority over insurance regulation. Introduced by Rep. Troy Downing, the legislation would also give state regulators voting rights on FSOC, reflecting efforts to maintain the long-standing state-based oversight model established by the McCarran-Ferguson Act. Learn More
Oklahoma AG Opinion Clarifies Use of Captive Insurance by Public Entities
An Oklahoma attorney general (AG) opinion concludes that the state and its political subdivisions may form and own captive insurance companies to insure their own risks. The opinion clarifies constitutional concerns while noting that public entity captives must be carefully structured and remain subject to existing captive insurance licensing and oversight requirements. Read More
Regulatory Insight: How Vermont Evaluates Captive Insurance Applications
This episode explores the captive insurance application process from a Vermont regulatory lens. Jim DeVoe-Talluto outlines key steps, common delays, feasibility study essentials, board and adviser roles, capital expectations, and why early planning and clear risk-financing objectives lead to smoother approval and long-term captive success. Read More
Bermuda Law Brings Captives into Beneficial Ownership Register for First Time
Bermuda's Beneficial Ownership Act 2025 removes prior exemptions for captive insurers, bringing them under new disclosure and registration requirements. Captives must identify beneficial owners, verify ownership details, and file with the Registrar of Companies. The change aligns Bermuda with global transparency and anti–money laundering standards. Read More
Gallagher Re Report Details Florida’s Insurance Market Turnaround After Tort Reform
Gallagher Re's report, "Florida Tort Reform: A Sunshine Success Story," details how 2022–2023 legislative reforms reduced litigation, restored insurer profitability, and attracted new market entrants. The analysis highlights improved reinsurance pricing, lower homeowners rates, and Florida's emergence as a model for other states pursuing insurance market stabilization through tort reform. Read More
Connecticut Expands Captive Insurance Flexibility Under New Law
Connecticut's new captive insurance law, effective October 1, 2025, expands options for converting and transferring protected cell captives. It strengthens regulatory flexibility for all captive types, reinforcing the state's position as a competitive domicile. The law builds on recent reforms supporting innovation in captive insurance and risk management strategies. Read More