Regulation and Oversight

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'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

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

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

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