In the not-so-distant past, offshore financial centres ("OFCs") were perceived as having a very light touch
when it came to taking enforcement action against regulated entities and individuals.
Conyers Dill & Pearman
The Bermuda insurance and reinsurance sector enjoyed a vibrant 2016, despite markets globally remaining relatively flat.
Maples and Calder
A practical cross-border insight into insurance and reinsurance law
Despite the notable uncertainty concerning the United Kingdom and Gibraltar's future trading relationship with the European Union, there are a number of upcoming developments which the Gibraltar insurance industry and its stakeholders should be monitoring.
The first thing to note about Guernsey's ILS sector is that it has reached a substantial size without the need for SPI rules.
When talking about Guernsey's success stories in the world of financial services, few can match the pioneering introduction of the cell company concept back in 1997.
Guernsey's insurance sector once again showed its expertise in picking up five of the top prizes at the UK Captive Services Awards.
The streamlined application process now allows new insurers to be established within one business day.
February marks the 20th anniversary of the introduction of Guernsey's world-leading protected cell company (PCC).
Guernsey is well placed to help develop captive opportunities in the international arena, as demonstrated by two recently signed contracts, says Dominic Wheatley of Guernsey Finance.
Dominic Wheatley, Chief Executive of Guernsey Finance, speaks to Captive Review about how Guernsey is spreading its captive insurance message further afield.
The GFSC has published a new set of rules which clarify the regulatory treatment of collateralised reinsurance, including insurance-linked securities, and allow for a one-day approval process.
Mayer Brown JSM
2017 brings a new and modernised set of corporate governance standards to authorised insurers in Hong Kong.
On 19 January a Private Members Bill entitled the Consumer Insurance Contracts Bill 2017, which is largely based on the Law Reform Commission's Report on Consumer Insurance Contracts...
On 10 January 2017 the Irish Government was presented with and approved the Cost of Insurance Working Group's "Report on the Cost of Motor Insurance".
In recent months, insurers have been grappling with a number of tax developments that will deeply affect their business outlook.
British Prime Minister Theresa May has announced that the Brexit plans to be presented in the British Parliament, and which will set the agenda for negotiations in the EU...
Following the UK voters' decision to exit the European Union, several financial services firms, including insurance companies, are in the process of analyzing possible contingency plans...
It is not uncommon to hear from an insurer that its competitors are resorting to unfair means of marketing to get a bigger share of the "pie".
PCC legislation was first enacted in Guernsey in 1996. This was primarily to encourage growth of the captive insurance industry.