Global advisory, broking and solutions company Willis Towers Watson has received confirmation from the Swiss Financial Market Supervisory Authority to begin offering insurance management services under the terms of the local insurance intermediaries registration in Switzerland.
The company plans to offer multinational corporations across Australasia, Europe, Latin America and North America an effective option for placing risk in a highly respected captive insurance domicile.
The registration builds on its established global captive management platform and adds to its European presence of Gibraltar, Ireland, Luxembourg and Malta, according to Willis Towers Watson.
“Switzerland offers many attractive benefits to the discerning corporate client, including its Solvency II equivalence, high-quality regulation with specific captive reinsurer registration, established double tax treaties around the globe and multilingual capabilities,” said Nigel Goodlad, regional managing director of Europe, Willis Towers Watson global captive practice.
“In the current environment, the solid reputation of a domicile is starting to carry more favour in the decision-making process. Switzerland is well positioned to offer clients an attractive place to be. We are thrilled to add Switzerland to the list of domiciles where we can provide captive management services.”
Willis Towers Watson, Swiss Financial Market Supervisory Authority, Captive insurance, Insurance, Reinsurance, London, UK, Europe, Solvency II