Regulation and Oversight

UK Government Confirms Captive Insurance Framework Following Consultation

July 17, 2025

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

July 16, 2025

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

July 2, 2025

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

June 24, 2025

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


Promoter of Captive Insurance Program Settles IRS Enforcement Action

June 18, 2025

Bruce Molnar agreed to pay Internal Revenue Service (IRS) penalties for promoting a captive insurance program in place from 2005 to 2012. The program was the subject of the Syzygy Tax Court decision, which found it did not qualify as insurance for tax purposes. The case reflects broader regulatory scrutiny of captive structures. Read More