Captives

The House passed legislation that would for the first time establish a federal office designed to deal with insurance activities.

Insurance losses from the explosion and sinking of the Deepwater Horizon oil well are expected to be the largest ever for global offshore energy insurance and reinsurance markets. As claims mount, the public is saying, "Show us the money."

A recent survey by the Reinsurance Association of America (RAA) showed negative movement across two critical indicators within the reinsurance marketplace.

Foreign reinsurers opposing a proposed offshore insurer tax increase have criticized a YouTube video released by the measure's proponents, calling it "inaccurate and misleading."

Regulation of the surplus lines industry will be modernized and substantively streamlined under a provision of financial services reform legislation approved by House-Senate conferees.

Regulation of the surplus lines industry will be modernized and substantively streamlined under a provision of financial services reform legislation approved by House-Senate conferees.

Before Congress and the administration turned their attention to health insurance reform, it was possible to believe insurers could escape rate regulation if they had the option of choosing federal insurance regulation over state regulation.

XL Re Ltd. is the first reinsurance company from Bermuda to operate in Florida without having to put up 100 percent collateral.