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

Pinnacle appoints Frankowiak senior consulting actuary

Pinnacle Actuarial Resources has hired Greg Frankowiak as a senior consulting actuary in its Illinois office. Frankowiak joins...
MORE

Russo rejoins RMC Group

RMC Group has hired Matt Russo as vice president of operations just five years after he left the company. Russo, who makes the move back from Applied Technology...
MORE

Three captive domiciles removed from EU blacklist

Three captive insurance domiciles have been removed from the European Union’s (EU) blacklist of non-cooperative tax jurisdictions. Bermuda, Barbados and Aruba were removed late last week, two months...
MORE

USA Risk Group’s management completes buy out

The senior management team of USA Risk Group have completed a buy out from Spencer Capital Holdings. The...
MORE