Global Programmes Report 2018

The expert contributors featured within the Captive Review Global Programmes report are focused on guiding readers to best prepare for, and meet, the evolving challenges affecting large corporates and their insurance requirements.

With multinational business the norm, firms are tasked with raising the bar to ensure regulatory compliance is met and to cater for increasingly sophisticated client demands.

Due to steadily decreasing premium rates, the insurance and reinsurance markets are also beginning to change. With this rising pressure and the likelihood of greater consolidation, there is a growing desire for corporates to use their captives more actively.

As a result, enlisting a fronting partner capable of supporting captive managers and owners through the likes of the OECD’s Base Erosion and Profit Shifting (Beps) regime, is becoming essential.

Elsewhere, the potential implications of the incoming IFRS 17 rule on captives are outlined, along with the steps firms can take to ensure the wellbeing of their frequent-flying employees.

We hope this report will give readers valuable insight into how best to structure and manage their global programmes, maximise captive efficiency, and ensure multi-jurisdictional compliance measures are met.

Ross Law, report editor

Captive premium surpasses $1bn in Tennessee

Tennessee captives wrote more than $1bn in premium in 2017, the first time the state has reached the milestone. Captive Review reported earlier this month Tennessee had licensed...
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Ratings downgrade for Security America RRG

Security America Risk Retention Group, Inc has had its financial strength rating downgraded by A.M. Best from ‘B+’ (Good) to ‘B’ (Fair). The long-term issuer credit rating has...
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Advantage opens Vermont office

Advantage Insurance has opened its first office in Burlington, Vermont as it ramps up its activity in the state. Captive Review reported in November the captive manager had...
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106 captive licences surrendered in Utah

There were 60 new captives formed in Utah during 2017, but Captive Review understands 106 licences were surrendered. The 2017 year-end captive number for Utah is 416, plus...
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