Regulation and Oversight
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. Learn 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. Learn 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
DOL Grants PTE for Meta's Captive Reinsurance of Employee Benefits
On July 8, 2025, the US Department of Labor issued a Prohibited Transaction Exemption (PTE) for Meta's use of captive insurer Ekahi to reinsure employee benefits. The PTE noted this arrangement would provide immediate, measurable enhancements for plan participants, with initial insurance coverage provided by Prudential and reinsurance through Meta's captive structure. Read More
UK Government Confirms Captive Insurance Framework Following Consultation
The UK government has confirmed plans to introduce a new captive insurance framework by mid-2027. Developed with financial regulators, the initiative aims to enhance risk management options, attract captive formations, and support economic growth. Industry leaders welcome the move, which positions the United Kingdom to compete with other leading domiciles. Read More
UK Captive Insurance Regime to Launch by 2027 with Broad Scope and Access
HM Treasury will launch a UK captive insurance regime by 2027, following strong industry support. The framework will allow broad access, including protected cell companies, and will be regulated by the Prudential Regulation Authority and Financial Conduct Authority. The move positions the UK to offer more flexible, cost-effective risk management options for all business sizes. Read More