Regulation

New York governor Andrew Cuomo has signed legislation that protects the state’s small employer self-insurance marketplace for two more years

Chubb European Group has redomiciled to France from London, effective 1 January, as part of its Brexit preparations

Michigan has amended the reporting requirements for captive insurance companies operating in the state

The Illinois legislature has voted to override governor Bruce Rauner’s amendatory veto of SB 1737, which proposes a reform of the state’s captive insurance regulatory framework and a substantial drop in self-procurement tax

The Bermuda regulatory authority has set the standard for captive regulation worldwide, according to Tom McMahon, director of Citadel Reinsurance

The OECD intends to publish a second ‘consensus’ discussion draft on the transfer pricing aspects of financial transactions, with the aim of reaching an agreement on the final guidance in 2019

The reform of Illinois’ captive regulatory framework is back on track following the state Senate’s unanimous vote to override governor Bruce Rauner’s amendatory veto of SB 1737