Regulation and Oversight
Regulators Circulating New Captive Benefit Funding Requirements
US Department of Labor (DOL) suspension of a regulatory procedure employers have used for years to get expedited DOL review of their applications to fund employee benefits through their captive insurance companies is continuing, while regulators are circulating new captive benefit funding requirements. Read More
Treasury's Proposed Regulations on the PFIC Rules Insurance Exception
Treasury has issued proposed regulations on the insurance exception to the passive foreign investment company rules. This article focuses on only one of the aspects of the regulations, albeit a very important one for captive insurance companies-the active conduct requirements. Read More
Vermont's Insurance Regulatory Sandbox
Governor Phil Scott signed legislation on June 10 to enable InsurTech experimentation and innovation in Vermont. Among other things, the insurance and securities bill (S. 131) creates an InsurTech "sandbox," which will allow more research and development in this area with specific guidelines. Read More
Swiss Re Issues Latest Catastrophe Bond under Singapore ILS Regime
Swiss Re Capital Markets recently issued its first catastrophe bond under the new insurance-linked security (ILS) regulatory regime in Singapore. Read More
AkinovA Secures Bermuda's First Insurance Regulatory Sandbox License
AkinovA (Bermuda) Ltd. has secured the first Insurance Regulatory Sandbox license from the Bermuda Monetary Authority under the jurisdiction's new legislative framework that came into effect in July 2018. Read More