Regulatory Alerts2015-11-30
Corporate Governance Requirements for Captive Insurance and Captive Reinsurance Undertakings 2015
The Central Bank of Ireland issued the Corporate Governance Requirements for Captive Insurance and Captive Reinsurance Undertakings 2015 to impose minimum core governance standards on authorized captives. The document mandates robust board composition, clear roles for the Chairman and CEO, and strict oversight of risk, compliance, and control functions. It further requires captives to report material deviations and submit annual compliance statements to ensure adherence to these regulatory obligations.
Share