Regulation and Oversight
Michigan Captive Insurers Face New Filing Deadlines
Captive insurance companies licensed in Michigan will face new deadlines to file annual financial reports with the state Department of Insurance and Financial Services under legislation signed into law on December 20, 2018, by Governor Rick Snyder. Read More
Guernsey Spells Out ILS Collateral Rules for ILS Cells
The Guernsey Financial Services Commission, a Guernsey regulator, has clarified the collateral rules surrounding the authorization process for insurance-linked securities (ILS) cells. Read More
NACD Report: "Adaptive Governance: Board Oversight of Disruptive Risks"
A new report from the National Association of Corporate Directors (NACD) looks at disruptive risk and proposes a methodology for dealing with the problem. We offer some analysis of the report and explain how the recommendation concerning adaptive governance is similar to our prior discussions of generative thinking. Read More
Veto Overridden on Illinois Legislation Containing Captive Provisions
Illinois lawmakers Tuesday overrode an earlier gubernatorial veto of legislation that will set new minimum capital and surplus requirements for captive insurance companies licensed in Illinois. Read More
First Captive Management License in Abu Dhabi Accorded to Marsh
Marsh has announced that it has obtained the first license to provide captive insurance management services in Abu Dhabi. The firm will operate as Marsh Management Services (MENA) Limited and is the first company to be authorized as a captive insurance manager by the Abu Dhabi regulatory authority. Read More