Jurisdictional Update

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February 2012	Update includes: • International Insurance licences up 50% in Guernsey • Vermont sees 41 new captive licenses in 2011 • New Florida captive bill passed • New legislation to boost ILS in Cayman • Dodd Frank's NRRA should not apply to captives
October 2011	Update includes: • Bermuda aligned with key Solvency II principles • Bermuda reports sharp rise in Special Purpose Insurers • Cayman sees 120% increase in new captive formations • Survey results reinforce Guernsey’s market standing • TIEA between Cayman and Canada enters into force
Vermont Update August 2011	Update includes: • Vermont's captive industry celebrates 30th anniversary In June • Vermont enhances captive legislation • Strong captive growth in 2011
June 2011	Update includes: • Guernsey names new insurance director • Malta sees strong insurance sector growth in 2010 • Vermont allows formation of incorporated protected cells • Delaware celebrates 100th licenced captive • DIFC sees strong interest in global drive to attract new business
May 2011	Update includes: • Bill Proposes Changes to Vermont captive laws • GFSC issues corporate governance consultation paper • Qatar proposes changes to captive regulation • ICC legislation in force in Malta • Policyholder retention tops concerns in CICA study • New Jersey joins list of captive domicles

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