Captives
Blog: Making the most of captives
An increasing number of law firms are now using captives for their insurance arrangements as firms take proactive steps to control their own destiny and secure direct benefits from their efficient operations, says Nigel Wallis
XL swoops for AIG's Latham to head up captive programmes
XL Group has moved to bolster its captive offering with the appointment of Matthew Latham as head of captive programmes.
Hong Kong legal changes win captive audience
Recent legislative changes in Hong Kong have set out the government's "determination" to promote the city state as a hub for captive insurance, according to law firm Howse Williams Bowers.
Gallagher subsidiary to become captive giant following HIM deal
Artex Risk Solutions has tied up its first acquisition outside of North America in the form of the specialist captive and insurance management arm of Guernsey-headquartered Heritage Group.
Hong Kong passes 50% tax concession on captives
The Legislative Council of Hong Kong has passed a bill to revise the Inland Revenue Ordinance to provide captive insurers with a 50% concession on profits tax for their offshore risk business.
R&Q promotes Morris to US captive CEO
R&Q has named Rod Morris as chief executive of its US captive operation, Quest USA.
C-Suite Asia: Captive insurance in Hong Kong
Legislation was introduced into the Legislative Council in Hong Kong on 8 January to provide a profits tax concession to captive insurance companies for profits from their business of insurance of offshore risks. The move is expected to spur the captive…
Liability onus placed on captive operators by Court of Appeal ruling
Captive operators have been warned the Court of Appeal’s decision to uphold the ruling of the Commercial Court in Astra Zeneca Insurance Company v XL Insurance (Bermuda) and Ace Bermuda will place increased onus on liability policies.
Willis names Owens as CEO of amalgamated captive business
Willis Group has appointed Paul Owens as chief executive of the newly formed Willis Global Captive Management business.
Interview: David Johnson: Wrapped up in foil
Having been involved with the Forum of Insurance Lawyers since the early beginnings of his career, incoming president David Johnson is keen to make his mark during his tenure. He reveals how he plans to consolidate the organisation’s new found authority…
Guernsey issues licences to 46 international insurers in first half of 2013
The Guernsey Financial Services Commission licensed 46 international insurers in the first half of 2013.
Guernsey issues licences to 46 international insurers in first half of 2013
The Guernsey Financial Services Commission licensed 46 international insurers in the first half of 2013.
Midwives target government funding as captive solution given green light
Independent midwives have been given the green light to set their own adequacy for a captive insurance solution, ahead of mandatory legislation meaning they must have professional indemnity cover to practice.
Randall & Quilter upbeat ahead of AGM
Randall & Quilter's first half financial result is expected to be in line with the board's expectations, according to chairman and chief executive Ken Randall.
BVI sees captive flight
The British Virgin Islands has seen its popularity as a captive destination decline over the last few years, according to a report by research firm Timetric.
Guernsey reaps rewards for SII non-equivalence
Guernsey’s decision not to be a part of EU’s Solvency II has strengthened the country’s captive insurance sector – making it the largest in Europe today, according to a report by Timetric.
Captives: Eastern promise
Chinese companies are mulling over the idea of captives as a risk management tool and it seems that the trend might spread to Eastern Europe. Anna Pitton investigates.
Top five Asian news stories
The top five Asian news stories from www.insuranceinsight.com over the past seven days.
Hong Kong targets captives
The Hong Kong government is to implement a 50% profits tax reduction on captive insurers' offshore insurance business.
Willis appoints new European captive head
Lesley Harding has been named chief executive officer of Willis' global captive practice in Europe, effective 1 March.
Solvency II is biggest challenge for captives says AM Best
European captives have weathered the global economic downturn well, but the implementation of Solvency II remains among the biggest challenges for the sector, according to a report from AM Best.
Top 5 Asian news stories
The top five Asian news stories from www.insuranceinsight.com over the past seven days.
First captive insurer in China to launch this year
In a sign of growing sophistication in the Chinese market, Beijing-based oil and gas producer China National Petroleum and subsidiary Petro China are jointly developing a captive insurer.
R&Q outlines captive exit solution
Randall & Quilter Investment Holdings has effected a novation of policies from Guernsey-domiciled captive insurer SL Insurance to R&Q Insurance.