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

22 new captives in Nevada in 2017

There were 22 new captives licensed in Nevada last year, including 18 pure captives. Two risk retention groups (RRGs), one association and one agency captive were also formed...
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Apogee captive rated ‘Excellent’

The pure captive owned by Apogee Enterprises has had its financial strength rating of ‘A-‘ (Excellent) affirmed by A.M. Best. Apogee, a glass and metal business headquartered in...
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Kentucky licences four captives in 2017

Four new captives were licensed in Kentucky during 2017, bringing its total number of active captives at 31 December 2017 to 65. According to information on the Kentucky...
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Kansas seeks to expand captive statute

The Kansas legislature is considering a bill that would introduce association, branch and special purpose insurance captives to the state. Its existing statute allows for pure captives, but...
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