Regulation and Oversight
United States, European Union Sign Bilateral Insurance and Reinsurance Agreement
The United States and European Union recently signed the bilateral US-EU agreement on prudential insurance and reinsurance measures. The agreement conveys benefits to US and EU insurers and reinsurers operating across the Atlantic by offering them enhanced regulatory certainty while maintaining robust consumer protections. Read More
Cayman Is Transforming into an International Insurance and Reinsurance Jurisdiction
With growing competition from new captive insurance domiciles, the Cayman Islands are evolving into an international insurance and reinsurance jurisdiction. This article summarizes the Insurance Managers Association of Cayman's (IMAC's) view of the transformation that is underway. Read More
State Insurance Regulation Supported in US-European Union Agreement
The US Treasury Department recently announced that European Union (EU) and US representatives have successfully negotiated a bilateral agreement on insurance and reinsurance regulation intended to "provide enhanced regulatory certainty" for the industry. Read More
Captive Insurance Milestone Recognized in Delaware
Delaware Gov. Jack Markell has presented Insurance Commissioner Karen Weldin Stewart with a proclamation recognizing the Department of Insurance for licensing the state's 1,000th captive insurance company, AWI, Inc., of Voorhees, New Jersey. Read More
Captive Insurance Domicile Gets EU Endorsement Confirmation
The European Union (EU) Commission has confirmed its continued endorsement of Guernsey as a cooperative jurisdiction following a meeting between officials in Brussels, according to a news release from Guernsey Finance, the promotional agency for the island's finance industry internationally. Read More