BEPS is in many ways the same challenge for captives as Solvency II was for many insurers, says Mike Stalley, chief executive of FiscalReps and principal at complianceDNA.
The captive solution—a company’s own piggy bank—emerges as a contemporary approach to new risks that may be covered at only great expense, or not at all, on the traditional insurance market, says Marcus Schmalbach of Fachhochschule des Mittelstands.
With Asian companies on the verge of embracing the use of captives as a form of risk management and transfer, leading to an explosion in their use, Labuan IBFC is well positioned as the domicile that could benefit most from this, as Danial Mah Abdullah, its chief executive, tells EMEA Captive.
Malta is highlighting its advantages as a domicile for captive insurance in an increasingly uncertain world, EMEA Captive reports.
The UK’s decision to leave the European Union will present many challenges for the captives sector—but the biggest could simply be managing the inevitable period of uncertainty during the waiting game before the details of a post-Brexit world start to emerge, EMEA Captive reports.
The use of protected cell companies in the EMEA region is predicted to soar as more companies grasp the benefits and regulators enable legislation permitting their use. EMEA Captive investigates.
The island is well placed to help develop captive opportunities in the international arena, as demonstrated by two recently signed contracts, says Dominic Wheatley of Guernsey Finance.
Solvency II represented a big change in the way risk transfer companies and vehicles are regulated, and captives were no exception. But while some regulators and companies have adjusted, there is still much to play out in this landscape, EMEA Captive reports.
Captives have had plenty of time to prepare for the new requirements under Solvency II, so is it all done and dusted, asks Udo Kappes, chairman of the European Captive Insurance and Reinsurance Owners Association.
Dennis Harwick, president of the Captive Insurance Companies Association, takes a look at where the captive market stands as 2016 comes to a close.