Fitch anticipates that while the majority of insurers will remain in Bermuda, some on the margin may prefer other regulatory regimes with less strict capital standards.
It aims to address investment managers' demand for greater clarity following Solvency II reforms and insurers' increased focus on solvency risk factors.
The legislation, known as the EU's main piece of legislation in the insurance area, cites captives under its definition of ‘small and non-complex undertakings’.
The new rules on Solvency II will boost the role of the insurance and reinsurance sector in providing long-term private sources of investments to European businesses
The ratings company made the statement in its latest market segment report on the European captive market
Artex Risk Solutions has appointed Suzanne Sadlier as managing director of its Cayman operations
The Bermuda Monetary Authority has appointed Ricardo Garcia as managing director, where he will be responsible for the authority’s supervision of insurance, banking, trust, corporate services, and investment regulated entities
Guernsey has the opportunity to make itself a more attractive captive domicile by taking advantage of increased demand in the alternative risk transfer market, says a strategic review of the island’s insurance sector by Cutts-Watson Consulting
Frances Jones reviews captive growth in Europe, while assessing proposed amendments to Solvency II regulations, set to facilitate further expansion within the EU
Frances Jones reviews the proliferation of PCCs in the captive industry and across key domiciles
Ian-Edward Stafrace of Atlas Insurance PCC shares his insights on leveraging protected cells for advancing ESG goals and driving sustainable change
Ian-Edward Stafrace of Atlas Insurance PCC outlines how protected cells can enable agility in risk financing and captive ownership
Marking one hundred years since Guernsey first incorporated a captive vehicle, WTW’s Mike Johns talks to Rebecca Delaney about how the captive industry has evolved on the island over time, and how it stands today
ECIROA’s Guenter Droese suggests that without the OECD providing industry support, their own target goals cannot be achieved
Following the Brexit deal, Mike Matthews of Artex says that UK intermediaries will look to create suitable EU-based partnerships, to enable them not only maintain but to grow their EU client portfolios in the years ahead
Earlier this year, the French Prudential Supervision and Resolution Authority approved a reinsurance captive in France for the first time in 20 years, Laurent Bonnet of Gras Savoye Willis Towers Watson outlines what the French market currently looks like, and the future
In February 2023, Guernsey was confirmed as Europe’s most successful captive domicile. Ned Holmes examines what makes it an industry leader and what comes next
Ned Holmes speaks to Nigel Feetham on why Gibraltar is developing a special captive regime
Ian-Edward Stafrace of Atlas Insurance PCC, shares how Malta is quickly becoming a gateway for captives with risks in Europe, as well as a go-to destination for international companies seeking more efficient EU risk coverage
Legislation introduced by the government in late 2022 is set to bring a new dawn for captives in France. Ned Holmes talks to SRS’ Maxime Schons about the seminal period for the French captive industry
