Captive Review hosted an exclusive Brexit Webinar exploring the Ramifications and Considerations for the Captive Insurance Industry on Friday, 1 July.
The United Kingdom voted to leave the European Union (EU) on Thursday, 23 June with at least two years of uncertainty now expected for both UK companies doing business on the Continent and European businesses with interests in the UK.
While the situation for the insurance industry and captives is likely to remain unclear until negotiations and trade agreements are completed, the vote does pose serious questions with regards to the status, operation and access of captives either domiciled in EU jurisdictions writing insurance in the UK or vice versa.
- Does this spell the end of Gibraltar as a captive domicile?
- Will EU captives lose automatic passporting rights in the UK?
- Will the small number of UK captives re-domicile?
- How will UK-based service providers working with EU captives be impacted?
Discussing the above questions in a free webinar Richard Cutcher, Editor of Captive Review magazine, was joined by:
- Charles Winter, Chief Operating Officer, Aon Risk Solutions
- Nigel Feetham, Partner, Hassans (Gibraltar)
- Salil Bhalla, Head of Global Fronting EMEA, AIG Multinational
- Joseph Finbow, client director for compliance services, FiscalReps
You can also view the webinar by clicking here.