Captive News

Global captive market updates, regulatory news and industry insights

Chilean Insurance Association: Chileans Would Rather Buy Car Insurance Than Life Insurance

According to South America Qiaobao Network, data recently released by the Chilean Insurance Association (Asociación de Aseguradores de Chile) show that Chileans have a stronger demand for car insurance than for life insurance.

2017-10-18

Author：Editorial Team
"Insure My Tesla" Program Expands to North America as Musk Seeks to Disrupt the Traditional Auto Insurance Industry

According to foreign media reports on October 16, Tesla is currently cooperating with U.S. insurer Liberty Mutual to offer a specific auto insurance plan for its American electric vehicles, called "Insure My Tesla." It includes replacing the car with a new Tesla for owners who suffer a total loss in the first year.

2017-10-17

Author：Editorial Team
U.S. Estate Tax Filings Drop a Record 76% Over Ten Years; Trust and Insurance Planning the Biggest Winners

Recently, the U.S. Internal Revenue Service (IRS) released statistics on various tax forms. Filings of Form 706, the U.S. estate tax return, have fallen very sharply over the past decade—an almost cliff-like drop—from 49,050 returns filed in 2006 to only 11,917 in 2015, a decline of 76%. In other words, only one in five hundred Americans actually needs to file an estate tax return.

2017-10-04

Author：Editorial Team
DBS Bank to Exclusively Distribute Chubb Insurance Products, Covering Five Markets Including Singapore

On September 28, DBS Bank and Chubb announced that the two parties have signed a 15-year regional distribution cooperation agreement covering five markets: Singapore, mainland China, Hong Kong (China), Taiwan (China) and Indonesia. DBS will distribute, on an exclusive and preferred basis, Chubb's home, household property, motor and personal accident and supplemental health (A&H) insurance, as well as general insurance products for small and medium-sized enterprises.

2017-09-30

Author：Editorial Team
US and EU Sign Bilateral (Re)Insurance Agreement

The United States and the European Union recently signed a bilateral agreement on prudential insurance and reinsurance regulation. The agreement applies both the US Dodd-Frank Act and Article 218 of the Treaty on the Functioning of the European Union, covering prudential insurance regulation in three areas: reinsurance, group supervision and the exchange of insurance information.

2017-09-30

Author：Editorial Team
US Relaxes Regulation of Insurance Giant AIG

The US Financial Stability Oversight Council announced on the 29th that the failure of American International Group would not pose a risk to US financial stability, and decided to rescind the insurer's designation as a systemically important financial institution. This means AIG will no longer be subject to stricter regulation.

2017-09-30

Author：Editorial Team
Labuan FSA Appoints Danial Mah Abdullah as New Director-General

The Labuan Financial Services Authority (Labuan FSA) of Malaysia has appointed Danial Mah Abdullah as Director-General for a three-year term, effective October 3, 2017.

2017-09-28

Author：Editorial Team
California Coastal Companies Use Captives to Provide Catastrophe Coverage

The recent concentrated outbreak of natural disasters has caused catastrophic losses. Anne Marie Towle, Executive Vice President of JLT Insurance Management, said captives play an important role in helping organizations reduce the financial losses from catastrophes.

2017-09-27

Author：Editorial Team
美欧签署审慎保险与再保险措施附属协议

9月22日，美国贸易代表办公室发布消息称，美财政部、贸易代表办公室（USTR）与欧盟签署审慎保险与再保险措施附属协议。该协议主要涉及集团监管、再保险、监管机构间信息交流三个领域。协议还肯定了美保险监管系统，明确美国国家保险监管机构为美保险业务主要监管者。美财政部长姆努钦称，该协议通过明确监管和削减监管负担，将提升美保险公司在欧竞争力，增加美保险及再保险公司的机遇。

2017-09-26

Author：Editorial Team
Sharing Economy in Insurance? World's Oldest Insurance Organization Targets Underwriting for China's Sharing Economy

Throughout its three-hundred-year history, this insurance market has never lacked big-name stars, and the maverick Lloyd's is also a model of innovation in the insurance world. In the 17th century, starting from marine cargo insurance, Lloyd's went on to produce many firsts in the insurance market: the world's first auto insurance, aviation insurance, space insurance...

2017-09-26

Author：Editorial Team

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