Winners of EU Captive Awards celebrated in Luxembourg 

The winners of the Captive Review European Awards have been revealed at a luxury dinner in Luxembourg last night. 

The first in-person captive awards since the start of the Covid-19 pandemic was lively and well attended, with many of the captive community celebrating the winners the evening before the European Captive Forum (ECF) kicked off.

The Outstanding Achievement award was won by Andrew Bradley, former head of group risk at Nestle.

Actuarial Firm 

Shortlist 

Allenby Consulting 

BWCI 

KPMG 

Willis Towers Watson 

Winner 

Willis Towers Watson 

With striking analytics capabilities and a close link between Willis’ actuarial practice and captive practice, judges were impressed by their entry. “The growth in their actuarial team shows the commitment to risk financing and the impressive client testimonials sealed them as number one,” a judged commented. 

Audit and Accounting Firm 

Shortlist 

Deloitte 

Grant Thorton 

KPMG 

PWC 

Winner 

Deloitte 

Deloitte has been a long-standing name in the captive world and have continued to excel not only in Europe but around the world. “The Luxembourg practice shows a commitment to the local captive community and an eye for the future,” judges said.  

Captive Collaboration Project 

Shortlist 

Allianz Global Corporate and Specialty 

Delvag Versicherungs-AG 

Generali Employee Benefits 

RMC UK 

Willis Towers Watson 

Zurich 

Winner 

Delvag Versicherungs-AG 

Delvag, the captive of the Lufthansa group, created a collaborative project named RISE which saved millions of euros for the captive. Judges were impressed by the project, saying “the initiative had achieved large results in short time.” 

Captive Compliance Specialist 

Shortlist 

Avalara 

Sovos 

TMF Group 

Winner 

Sovos 

Judges were impressed by Sovos’ service offering and their 10% increase in captive clients over the last year. “Clearly a tool providing enormous benefit to its users and lots of positive feedback from its clients,” one captive owner judge noted.  

Captive Consultant of the Year 

Shortlist 

Allenby Consulting 

Cutts Watson Consulting 

RISCS 

Strategic Risk Solutions 

Willis Towers Watson 

Highly Commended 

Cutts Watson Consulting 

Winner 

RISCS 

In a close category RISCS took out the award for Captive Consultant of the Year after a successful 12 months setting up some innovative captive structures across the world. “RISCS is a local firm with a global view,” one judge commented.  

Captive Manager of the Year 

Shortlist 

Artex Risk Solutions 

Davies Group 

Risk & Reinsurance 

RMC UK 

Robus Group 

Strategic Risk Solutions 

Winner 

Artex Risk Solutions 

Artex’s size while focusing on services and clients set them ahead of the other captive managers, with one captive owner remarking that the manager “Had a really strong, client focused response. Well done Artex.” 

Captive Risk Manager of the Year 

Shortlist 

Heiko Ditzel, Adidas 

Marc Heiligers, Akzo Nobel 

Samire Korterink, Randstard N.V. 

Laurent Nihoul, AcelorMittal 

Alison Quinlivan, Google 

Tobias Winkler, Delvag Vesicherungs-AG 

Winner 

Lauren Nihoul, AcelorMittal 

A long-time member of the captive community, Laurent takes out the Captive Risk Manager award for his work not only with AcelorMittal but as the chair of FERMA’s Captive Initiative. Laurent has been leading the dialogue with EIOPA around Solvency II and the OECD around BEPS. Judges lauded his “commitment to the industry and advocacy for captives.” 

Captive Service Professional of the Year 

Shortlist 

Lauren Bonnet, Willis Towers Watson 

Marine Charbonnier, AXA XL 

James Donald, SCOR 

Andrea Valacchi, GEB Network 

Yannich Zigmann, Risk & Reinsurance 

Winner 

Marine Charbonnier, AXA XL 

With more than 30 years’ experience in the captive industry, Marine became global programmes and captives regional director for Europe. Since then she has led her team through the Covid-19 pandemic and hardening market, with judges calling her work “innovative and excellent.” 

Cell Captive Initiative 

Shortlist 

Artex Risk Solutions 

Atlas PCC 

Robus Group 

Whiterock 

Winner 

Artex Risk Solutions 

Once again Artex’s commitment to their clients got them the win for the Cell Captive Initiative Award. With pioneering rent-a-captive solutions, “innovation in the domicilies and putting clients first set Artex apart,” according to the judges.  

Collateral Specialist 

Shortlist 

Barlays 

Ravenscroft 

Wilmington Trust 

Winner 

Barclays 

During an increasingly turbulent world, with a health crisis and declining world economies, Barclays has continued to help captives focus on their longstanding objectives. Judges were impressed with Barclay’s continuing commitment to their clients and active management strategy.  

Employee Benefits Network 

Shortlist 

Generali Employee Benefits Network 

MAXIS GBN 

Zurich 

Winner 

Generali Employee Benefits Network 

Employee benefits networks have been particularly impacted by the pandemic, and Generali demonstrated how they have gone above and beyond for their clients over the last year. “A lot of great work to develop the next generation of talent in the captive space and really positive to link this with the Covid 19 pandemic in terms of workshops,” one judge said.  

European Domicile 

Shortlist 

Guernsey 

Isle of Man 

Luxembourg 

Winner 

Guernsey 

Still at the top of their game, Guernsey has been extremely innovative in the last year with the implementation of a pre-approval fast-track captive licencing program. “The new fast track solution in Guernsey is outstanding,” judges said. “This is what you want to see from a domicile, there is no competition.” 

Fronting Partner 

Shortlist 

AIG 

AXA XL 

MS Amlin 

Zurich 

Winner 

MS Amlin 

As a fronting partner, MS Amlin is growing rapidly and impressed the judges with their creativity and approach to the market.  

“A strong network in Europe with some good ideas to assist clients,” one judge said. “An impressive local network and focus on clients.” 

International Domicile 

Shortlist 

Bermuda 

Delaware 

Labuan 

Winner 

Labuan 

One of the fastest-growing domiciles in the world, Labuan took out the International Domicile Award. Judges said the domicile showed “healthy growth, an excellent team and a commitment to innovation in APAC.” 

Investment Specialist 

Shortlist 

London & Capital 

Ravenscroft Cash Management 

Allianz Global Investors 

Winner 

Allianz Global Investors 

With client testimonials and solid growth over not only 2021 but 2020, Allianz takes out the close category of Investment Specialist. Judges commended their customised risk measures and product innovations, saying that it demonstrated “real forward-thinking and commitment to a holistic view of risk management.” 

Legacy Solutions 

Shortlist 

Darag Group 

R&Q 

Winner 

R&Q 

The leading name in the captive legacy space, R&Q’s captive deals increased again in the last year including loss portfolio transfers with some of the world’s biggest companies. Judges found their entry to be excellent, saying that “R&Q continues to outdo others, especially with their response to Covid-19 and providing solutions for a range of clients.” 

Legal Services 

Shortlist 

Ganado Advocates 

HFW 

Walkers 

Winner 

Walkers 

With a Guernsey office that supports captives in guernsey, Bermuda, Cayman Islands and Ireland, the law firm takes out the Legal Services award for 2021. The diversity of Walker’s client base and ability to offer outstanding services in many different areas “showed they are far ahead of the competition,” according to one judge.  

Next Gen Initiative 

Shortlist 

Generali Employee Benefits Network 

Zurich 

Winner 

Zurich 

Zurich’s wide scope and impressive innovations when promoting next-Gen saw them win this award, judges crediting Zurich’s commitment to next-Gen from all levels of the organisation.  

Software Solution 

Shortlist 

Delonia Software Solutions 

Sovos 

Noria 

TMF Group 

Winner 

Delonia Software Solutions 

Judges praised Delonia’s solution for making the complex simple, with real world evidence about how they can help. “There are many interesting innovation at Delonia,” one captive owner judge said. “Solvency II is very complex for captives, so anything to help manage that is a winner.” 

Underwriting Solution of the Year 

Shortlist 

Allianz Global Corporate and Specialty 

MS Amlin 

Munich Re 

SCOR 

Winner 

Allianz Global Corporate and Specialty 

With more interest in captive and alternative risk transfer solutions, Allianz have excelled with new clients and modern approaches. “Broadly impressive with fantastic case studies showing an innovative risk management solutions,” judges said. “The example used proved how sophisticated Allianz is  and how pleased clients are with them.” 

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