Captive Start-Up Report 2016

The process of setting up a captive can be tedious, problematic and stressful. Big data, domicile location, reinsurance markets and actuary selection continue to remain at the forefront of any prospective captive owner’s mind.

Being up-to-date with every associated legal implication is also key. Forming a captive encompasses five different legal practice areas and each must be adequately adhered to, while the consequences of failing to meet the requirements could spell ruin for the captive.

Opportunities still lay in abundance, however. Accounting for roughly $450bn of capital, the global reinsurance market is often overlooked, but, if utilised correctly, can present the parent(s) with a plethora of capacity options not usually available to them.

When choosing a domicile, there are a number of essential considerations. Domiciles can be selected solely on the fee and premium tax environment, while some owners may be swayed by an exotic location. Prospective captive owners must stay wary, carry out a thorough review and ensure high quality regulation is a major part of
their decision.

Captive Start-Up

This Captive Review Start-up Report 2016 delivers a comprehensive guide containing a wealth of information collated from established experts. The report sheds light on the formation of protected cell companies (PCCs), group and association captives, while highlighting the pitfalls which have seen many captives crumble.

Click here to view the Captive Start-Up Report 2016

Captives emerging from “uneasy relationship” with regulators – BNM Governor

Datuk Muhammad Ibrahim, Governor of Bank Negara Malaysia, conceded that regulators have historically been sceptical of captive insurance, but expressed optimism that increased understanding of its economic benefits...
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VCIA still pursuing Captive Clarification Act

“Numerous avenues” in are being explored in Washington DC by the Vermont Captive Insurance Association (VCIA) as it seeks to clarify the positon of captives within the Non-admitted...
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Consolidation and new lines defining healthcare activity in US

Existing healthcare company-owned captives are beginning to explore more complex lines of insurance, such as wage-an-hour and provider risk, according to Ann Conway and John Lochner, at Willis...
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EY adds tax expert to offshore team

Kevin Poczatek, a tax manager within EY’s US insurance tax practice, has relocated to the firm’s Cayman Islands...
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