Regulation and Oversight
Gallagher Re Report Details Florida’s Insurance Market Turnaround After Tort Reform
Gallagher Re's report, "Florida Tort Reform: A Sunshine Success Story," details how 2022–2023 legislative reforms reduced litigation, restored insurer profitability, and attracted new market entrants. The analysis highlights improved reinsurance pricing, lower homeowners rates, and Florida's emergence as a model for other states pursuing insurance market stabilization through tort reform. Learn More
Connecticut Expands Captive Insurance Flexibility Under New Law
Connecticut's new captive insurance law, effective October 1, 2025, expands options for converting and transferring protected cell captives. It strengthens regulatory flexibility for all captive types, reinforcing the state's position as a competitive domicile. The law builds on recent reforms supporting innovation in captive insurance and risk management strategies. Learn More
DOL Grants PTE for Meta's Captive Reinsurance of Employee Benefits
On July 8, 2025, the US Department of Labor issued a Prohibited Transaction Exemption (PTE) for Meta's use of captive insurer Ekahi to reinsure employee benefits. The PTE noted this arrangement would provide immediate, measurable enhancements for plan participants, with initial insurance coverage provided by Prudential and reinsurance through Meta's captive structure. Read More
UK Government Confirms Captive Insurance Framework Following Consultation
The UK government has confirmed plans to introduce a new captive insurance framework by mid-2027. Developed with financial regulators, the initiative aims to enhance risk management options, attract captive formations, and support economic growth. Industry leaders welcome the move, which positions the United Kingdom to compete with other leading domiciles. Read More
UK Captive Insurance Regime to Launch by 2027 with Broad Scope and Access
HM Treasury will launch a UK captive insurance regime by 2027, following strong industry support. The framework will allow broad access, including protected cell companies, and will be regulated by the Prudential Regulation Authority and Financial Conduct Authority. The move positions the UK to offer more flexible, cost-effective risk management options for all business sizes. Read More
CNMI Establishes Captive Insurance Law, Expanding Regional Domicile Options
Commonwealth of the Northern Mariana Islands (CNMI) has enacted the Captive Insurance Act of 2025, establishing licensing, capitalization, and regulatory requirements for various captive structures, including pure captives, group captives, and protected cell companies. The law positions CNMI as a new domicile choice alongside other regional jurisdictions such as the Federated States of Micronesia. Read More
Louisiana Modernizes Captive Insurance Law with CHOICES Act
Louisiana has enacted Act 313, the Creating Holistic Options in Coverage for Enterprise and Self-Insurance (CHOICES) Law, modernizing its captive insurance framework. The law reduces capital requirements, introduces dormant and affiliated reinsurer structures, and defines risk retention groups. It also implements a tiered tax system, updated filing timelines, and broader definitions to align with current industry practices. Read More