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

Canadian owned captives migrating towards Bermuda

The Linamar Corporation is among two new Canadian captive owners in Bermuda this year, and the jurisdiction is confident more business will come from that market in 2018....
MORE

California and Iowa clash over use of life reinsurance captives

Iowa’s insurance commissioner has defended the use of captive reinsurance subsidiaries by Accordia Life and Annuity Company, after the California Department of Insurance criticised their use while seeking...
MORE

Bermuda’s regulatory sandbox a “safe space” for insurance innovation

The Bermuda Monetary Authority (BMA) is hopeful its regulatory sandbox and innovation hub, once legislated for, will provide an ideal environment for innovative (re)insurance companies and intermediaries. Speaking...
MORE

CICA and ICCIE team up on career development initiative

The Captive Insurance Companies Association (CICA) and the International Center for Captive Insurance Education (ICCIE) will enhance their...
MORE