Richards Layton provides authoritative regulatory counsel to many of the large and sophisticated insurance companies domiciled in Delaware, including subsidiaries of global financial institutions. We assist our clients with the full range of matters that come before the Delaware Insurance Commissioner, including:
- Insurance company and agency formation
- Insurance holding company system registrations
- Change of company ownership, including through mergers or acquisitions that involve an insurer’s Delaware subsidiaries
- Approval of insurance investments, particularly asset securitizations
- Required filing of annual financial reports
- Required triennial financial audits
- Market conduct examinations
- Rehabilitation and liquidation proceedings
Asset-backed securities have been a major component of insurers’ capital market transactions, and Richards Layton applies our structured finance and alternative entity experience to help insurers develop and secure regulatory approval for these sophisticated investments. Our lawyers negotiate and structure investment transactions involving asset-backed derivative securities through the use of trusts and other investment vehicles. We are sensitive to the legal and regulatory constraints that financing activities and direct investments involve for insurers, and handle the details to create the maximum possible investment return.
Delaware Captive Insurers
Our insurance team was actively involved in drafting the Special Purpose Financial Captive Insurance Company and Branch Captive Insurance Company provisions of the Captive Act signed into law in 2007 and 2010, respectively. The special purpose provisions provided for the formation of special purpose financial captive insurance companies in Delaware, which are empowered to issue securities and otherwise access financial markets and alternative sources of capital through securitizations and other transactions. The branch provisions provided for licensing of agency and branch captive insurance companies.
Delaware Laws & Programs Affecting Business presents an introduction to Delaware and an overview of the laws and programs relating to doing business in the State. Our economy is diverse, and our legal framework is intentionally crafted to foster robust business activity. Our widely copied business laws lead the nation in clarity and predictability. Government…
November 3, 2017
WILMINGTON, Delaware (November 3, 2017) – Sixteen Richards, Layton & Finger attorneys, named in ten practice areas, have been chosen as Top Lawyers in Delaware Today magazine’s annual list of the best lawyers in the state. Four Richards Layton lawyers were designated as the top vote-getters in their respective practice areas. The firm attorneys chosen…
March 6, 2015
WILMINGTON, Delaware (March 6, 2015) – Richards, Layton & Finger is pleased to announce that five new associates of the firm have been admitted to the Delaware bar. Joseph Barsalona II, Violeta Foreman, John Mezzanotte Jr., Arun Mohan, and Brendan Schlauch were admitted to practice in the State of Delaware by the Delaware Supreme Court in…
August 18, 2011
Washington, DC (September 7, 2011) – The National LGBT Bar Association is proud to announce the recipients of its second annual Best LGBT Lawyers under 40 award. The LGBT Bar established this award to recognize lesbian, gay, bisexual and transgender legal professionals under the age of 40 who have distinguished themselves in their field and demonstrated…
Delaware Banker | Summer 2010
Delaware continues its commitment to establishing a reputation as a competitive domicile for licensing a captive insurance company.
May 5, 2010
On Monday, May 3, 2010, Governor Markell of Delaware signed into law House Bill 314 amending the Delaware Revised Captive Insurance Company Act.