Drake Plastic Products and Drake Plastics, their captive, file suit in Texas District Court for alleged wrongful enforcement of Section 831(b)
‘One Big Beautiful Bill Act’ brings sharp healthcare cutbacks and fresh incentives for property insurers
Chancellor Rachel Reeves confirms Treasury will proceed with new regulatory framework following industry consultation
The Lloyd’s Market Association (LMA) launches a new model clause aimed at enhancing sanctions compliance across (re)insurance contracts
Known as the Captive Insurance Act of 2025, the legislation enables captive insurers to be licensed, domiciled, and conduct business in the territory
The law reduces minimum capital requirements for captives, including a cut from US$500,000 to US$250,000 for pure captives, and from US$1 million to US$500,000 for association captives
The 831(b) Institute has joined over two dozen organisations in asking the US Treasury and the Internal Revenue Service (IRS) to withdraw a new rule affecting micro-captive insurance companies
