Captives can show their value in a hard market, says CRE’s Captives: Next Generation report

Captives can show their value in a hard market, says CRE’s Captives: Next Generation report

Captives can show their value in a hard market, says CRE’s Captives: Next Generation report

Risk managers believe the hardening market is a time for captives to really show their value, according to Commercial Risk Europe’s Captives Report 2020 – Captives: Next Generation. “When the market is hardening, this is a signal that risk managers can use to better sell the use of captives in their setup,” said Francoise Carli, Zakubo Consulting, and former vice-president,…

Huge increase in professional indemnity rates behind new Guernsey captive

Huge increase in professional indemnity rates behind new Guernsey captive

Huge increase in professional indemnity rates behind new Guernsey captive

Rapidly increasing premiums, notably in professional indemnity (PI) cover were a driving factor behind one of the world’s largest independent financial advisory and fintech organisations, deVere Group, establishing a captive in Guernsey. The group has had its application for a captive approved by the Guernsey Financial Services Commission. The group said it is the first time it has applied for…

Now is the time for captives to shine, says new report from Commercial Risk Europe

Now is the time for captives to shine, says new report from Commercial Risk Europe

Now is the time for captives to shine, says new report from Commercial Risk Europe

There has been a lot of talking up of captives during the last few years, with momentum growing in the last year or two, and a feeling that a new dawn was approaching for the sector. According to Commercial Risk Europe’s Captives Report 2020 – Captives: Next Generation, that time is now here. The traditional insurance market has properly hardened…

Aon launches alternative distribution platform in London to tap MGA and third-party capacity

Aon launches alternative distribution platform in London to tap MGA and third-party capacity

Aon launches alternative distribution platform in London to tap MGA and third-party capacity

Aon has launched an alternative distribution platform in the London market that matches underwriting expertise with capacity from multiple sources through fronting, MGAs and captive solutions. The new platform will be led by Graeme Raynor, who joins from Pioneer. It encompasses Aon’s previous global MGA and portfolio, and aims to make a broad range of risk capital available to clients.…

Cayman removed from EU non-cooperative tax list as Barbados added

Cayman removed from EU non-cooperative tax list as Barbados added

Cayman removed from EU non-cooperative tax list as Barbados added

The Cayman Islands has been removed from the EU’s list of non-cooperative jurisdictions for tax purposes, but Anguilla and Barbados have been added. The European Council and the Council of the EU removed the Cayman Islands and Oman from the list after they passed the necessary reforms to improve their tax policy framework. Barbados called its addition to the list…

Captives: embracing the new

Captives: embracing the new

Captives: embracing the new

Captive insurance has often shown its worth during challenging times. Against the backdrop of hardening rates and tightening terms and conditions in the traditional insurance market, exacerbated by the Covid-19 pandemic, more companies are looking to expand their use of an existing captive or set up a new one. Marine Charbonnier, global programmes and captives regional director, Asia & Europe,…

New investment service for captive insurers from Aon and Goldman Sachs

New investment service for captive insurers from Aon and Goldman Sachs

New investment service for captive insurers from Aon and Goldman Sachs

Aon has launched a new investment service for captive insurers in partnership with Goldman Sachs. The new service is based around an investment platform provided by Goldman Sachs and offers a one-stop shop for captives to manage their assets. According to Aon, the new investment service “seeks to make it easier for captive insurers to identify and access appropriate, high-quality…

Captives a key tool in hard market but need serious investment

Captives a key tool in hard market but need serious investment

Captives a key tool in hard market but need serious investment

Captives are currently a good option for European risk managers as they grapple to contain costs and maximise coverage during the rapidly hardening corporate insurance market. They offer the opportunity to more effectively identify, measure, manage and prevent risks, and provide critical leverage when negotiating terms and conditions with the insurance and reinsurance markets. But a panel of experts gathered…

Parima Resilience Week gathers top insurance industry leaders

Parima Resilience Week gathers top insurance industry leaders

Parima Resilience Week gathers top insurance industry leaders

The Pan-Asia Risk and Insurance Management Association (Parima) has gathered an impressive line-up of speakers for its coming Resilience Week (9-13 November) and expects a record number of delegates for one its events. The Singapore-based association moved swiftly to replace its usual physical conference at this time of year with the virtual event. The programme is designed to help risk…

Captives set for big role in 2021 renewals as market hardens

Captives set for big role in 2021 renewals as market hardens

Captives set for big role in 2021 renewals as market hardens

The hard market is driving interest in captive insurance but Covid-19 is both providing an opportunity and causing problems for self-insurance. The hardening commercial insurance market has triggered huge interest in existing and new captives, according to Rob Geraghty of Marsh Captive Solutions. “We have been phenomenally busy. We are seeing new formations across the board while companies are looking…

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