Overview
Thomas Jones emphasized in this extensive interview that it was important for the captive insurance industry “to show regulators that there is nothing to fear – we are not a shadow insurance industry that is going to cause some kind of systemic financial failure.” Although Mr. Jones noted that “captives have expected and deserved lighter regulation than the commercial insurance sector, and I think they have discharged their responsibilities pretty well to avoid trouble such as insolvency,” he warned that “in the next year or two all facets of the captive world will need to push back against any unnecessary regulations.”