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UK set to bring forward review of Solvency II
25 June 2020
London Reporter Maria Ward-Brennan

The UK Government has revealed it will bring forward a review of certain features of Solvency II, according to a statement from Rishi Sunak, the chancellor of the exchequer

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IRS petitions court to enforce a summons against Delaware DOI for captive docs
24 June 2020
Delaware Reporter Maria Ward-Brennan

The Internal Revenue Service has petitioned the US District Court for the District of Delaware against the Delaware Department of Insurance to enforce a summons for documents related to its micro captive investigation

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Tennessee’s captive market ‘continues to thrive’ despite COVID-19 uncertainties
23 June 2020
Nashville Reporter Maria Ward-Brennan

The Tennessee Department of Commerce and Insurance has revealed that despite uncertainty this year so far, the state’s insurance industry has “continued to thrive”

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BILTIR has been accepted as a member of the GFIA
18 June 2020
Bermuda Reporter Maria Ward-Brennan

Bermuda International Long Term Insurers and Reinsurers has been accepted as a member of the Global Federation of Insurance Associations

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SIIA calls for review of IRS’ ‘activities’ in response to Executive Order for regulatory relief
16 June 2020
Washington DC Reporter Maria Ward-Brennan

SIIA has written a letter in response to Executive Order 13924, asking for the treasury and office of management and budget to direct the IRS to more appropriately define captive guidance while more efficiently and cost-effectively collecting the app

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Vermont governor signs new captive insurance bill into law
16 June 2020
Vermont Reporter Maria Ward-Brennan

Vermont’s governor Phil Scott has signed new legislation to strengthen the state’s captive insurance laws, increasing efficiencies as well as adding flexibility to regulatory policy and procedures

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Crumbling Foundations captive completes first 150 foundations
15 June 2020
Connecticut Reporter Becky Bellamy

The Connecticut Foundation Solutions Indemnity Company has completed 150 foundation replacements since its launch on 10 January 2019

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