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Connecticut proposes captive bill amendments
28 January 2021
Connecticut Reporter Maria Ward-Brennan

After being delayed due to the COVID-19 pandemic, the Connecticut Department of Insurance has drafted a proposal concerning captive insurance for the 2021 legislative session

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CICA, VCIA and CIC-DC respond to proposed TRIP rule changes for captives
12 January 2021
Minnesota Reporter Maria Ward-Brennan

CICA, VCIA and the CIC-DC have all submitted a response to a request for public comment regarding the participation of captive insurers in the TRIP established under the TRIA

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EIOPA: Solvency II needs a number of adjustments
17 December 2020
Belgium Reporter Maria Ward-Brennan

EIOPA’s opinion on the Solvency II 2020 Review to the EC suggested that although no fundamental changes are needed, a number of adjustments are required to ensure that the regulatory framework continues as a well-functioning risk-based regime

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Gibraltar to allow EEA insurers to continue after Brexit
25 November 2020
Gibraltar Reporter Maria Ward-Brennan

The Government of Gibraltar has introduced legislation that will allow EEA insurers, including captives, to continue providing policies, after the UK transition period ends with the EU

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Captives set to benefit from revisions to Insurance Oversight Act in Switzerland
17 November 2020
Switzerland Reporter Maria Ward-Brennan

Diana Lafita of Loyens & Loeff revealed that captive insurance companies active in Switzerland are set to benefit from the partial revision of the Insurance Oversight Act

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US Treasury proposes rule changes to TRIP, including participation of captives
11 November 2020
Washington DC Reporter Maria Ward-Brennan

The US Department of the Treasury has issued proposed rules to implement technical changes, including the participation of captives, to the TRIP required by the TRIPRA of 2019

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Vermont DFR files lawsuit against captive executive and advisors for fraud
03 November 2020
Vermont Reporter Maria Ward-Brennan

Commissioner Michael Pieciak of the Vermont Department of Financial Regulation has filed a federal lawsuit in the US District Court for the District of Vermont against Jasbir Thandi, the former president of Global Hawk Risk Retention Group

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