Legacy Solutions Report 2018

What are the options when a captive or certain portfolio becomes unattractive or inefficient? The Captive Review Legacy Solutions Report highlights the run-off and legacy solution market and the potential options for captives that want to shut down or restructure.

While some captive owners and consultants may still be in the dark, legacy solutions and management can be a valuable strategic tool in the captive’s lifecycle.

With captives maturing and high merger and acquisition activity at parent level, corporates are increasingly looking to consolidate their captive operations and ensure as efficient structure as possible is in place.

When applied strategically, a legacy solution can function as an enabler, a tool used to release capital which can then be deployed to write new lines of business or sent back to the parent.

There are several different options when approaching legacy solutions. Selling the whole captive can be attractive when the subsidiary is no longer needed, while loss portfolio transfers, novations and commutations allow the removal of a specific portfolio of business while keeping the captive intact.

This report should provide captive owners and the wider industry with a better understanding of what solutions exist and how they can be applied.

De Weerdt joins legacy carrier Carrick

Armin De Weerdt is the company’s first full-time employee on Bermuda   Carrick Group Limited, a Bermuda-based international...
MORE

Four Innovative Captive Strategies employees take shareholding in Holmes Murphy

The team members are four of 23 employees from across various Holmes Murphy units to make their first...
MORE

HDI boosts Enablers division with two appointments

HDI Enablers specialises in risk finance solutions, particularly through captive solutions, and is headed up by Eric Joly-Pottuz,...
MORE

Ferris to succeed Frost as Davies captive management CEO

James Ferris joins Davies from BMS, with former CEO Nick Frost transitioning to the role of chairman  ...
MORE