Regulation and Oversight
Bermuda Delineates Fact from Fiction in Answering ICIJ Reports
Recent reports from the International Consortium of Investigative Journalists (ICIJ) expose the names of people and companies behind what it alleges are "secret offshore structures" that, in some cases, are used to reduce or avoid taxes. Bermuda has responded to the ICIJ reports to delineate fact from fiction. Read More
NAIC Testimony to Congress Advocates States' Role in Insurance Issues
Connecticut Insurance Commissioner Katharine L. Wade testified before Congress representing the National Association of Insurance Commissioners (NAIC). Ms. Wade responded to questions about the appropriate role for the federal government in insurance issues. The hearing focused on the federal government's international and domestic engagement. Read More
Tennessee Delivers 3 Modernized Rules for Captive Insurers
The Tennessee Department of Commerce & Insurance is ushering in new, more modern rules to guide the Volunteer State's burgeoning captive insurance industry. The new rules relate to dormancy, audits, and financial exams. Read More
United States, European Union Sign Bilateral Insurance and Reinsurance Agreement
The United States and European Union recently signed the bilateral US-EU agreement on prudential insurance and reinsurance measures. The agreement conveys benefits to US and EU insurers and reinsurers operating across the Atlantic by offering them enhanced regulatory certainty while maintaining robust consumer protections. Read More
Cayman Is Transforming into an International Insurance and Reinsurance Jurisdiction
With growing competition from new captive insurance domiciles, the Cayman Islands are evolving into an international insurance and reinsurance jurisdiction. This article summarizes the Insurance Managers Association of Cayman's (IMAC's) view of the transformation that is underway. Read More