The US Court of Appeals for the Tenth Circuit has affirmed the Reserve Mechanical decision in all respects, rejecting the petitioner’s appeal
The decision of the Grand Court of the Cayman Islands to uphold the segregation of captive insurance portfolios in the context of an official liquidation is a “welcome reiteration of the segregation principle”, according to law firm Campbells
A threefold coalition of associations representing US property and casualty insurance companies has written a comment letter in response to the Internal Revenue Service’s proposed amendments to related party insurance income
The IRS has scope to improve its reviews of offshore insurance audits and investigations, as well as how it records and analyses the quality reviews of such investigations, according to a study by the U.S. Government Accountability Office
The Legislative Assembly of Alberta has passed a reading of Bill 16, also known as the Insurance Amendment Act, to include clarifications around the redomestication of captive insurance companies to and from the province
The Insurance Regulatory and Development Authority of India will look to facilitate entry of captive insurers into the jurisdiction’s insurance space to reflect the industry’s mature development
The House of Lords Industry and Regulators Committee recommends introducing a competitiveness objective for the FCA and PRA, following an inquiry into commercial insurance and reinsurance regulation
