Luxembourg

Luxembourg

Strategic position in the heart of Europe, stable political environment, largest domicile for reinsurance companies in the European Union and one of the largest in the world, flexible and open-minded authorities, excellent infrastructure

[Last updated: 21/07/16] 

Regulatory contact:
Commissariat aux Assurances
Address of regulator7, Boulevard Joseph IIL – 1840 Luxembourg
Telephone Number +352 22 69 11 - 1
Email Address caa@caa.lu
Website www.caa.lu



Name of Captive Legislation
Modified law of 7 December 2015 on the insurance sector
Modified CAA Regulation N°15/03 of 7 December 2015
 
Year Legislation Passed
2015
 
Recent Amendments
2016
 
Do you allow Cell Captives?
N/A
 
Total Number of Licenced Captives
31/12/2015:        217 reinsurance companies
 
Number of licences granted in the past year (2015 calendar year)
8 reinsurance companies
 
Approximate (or Average) length of time to process a new captive
Each file is analysed individually with the objectives of detailed analyse and rapid decision making
 
Captive tax rates
29,22%
 
Minimum capitalisation rate
€ 3.600.000 for commercial reinsurance companies
€ 1.200.000 for captive reinsurance companies
 
Licencing fees 
€ 5.000
 
Industry sectors best represented in the domicile 
Industrial groups, Financial institutions, Distribution sector
 
 
Total premiums received by the Captives
31/12/2015:        € 9.530.000.000
 
Total value of assets under management
31/12/2015:        € 46.000.000.000
 
Captive Insurance Managers registered to conduct business in domicile
 


ALLIA INSURANCE BROKERS LUXEMBOURG

1, rue de la Poudrerie,
L-3364 Leudelange

AON INSURANCE MANAGERS (LUXEMBOURG) S.A.

534, rue de Neudorf,
L-2220 Luxembourg

GRAS SAVOYE WILLIS MANAGEMENT SERVICES

145, rue du Kiem,
L-8030 Strassen

INDEPENDENT (RE)INSURANCE SERVICES S.A.

253, rue de Beggen,
L-1221 Luxembourg

INDEPENDENT CAPTIVE MANAGEMENT SERVICES S.A.

4, Ancienne Route d'Arlon,
L-8399 Windhof

MARSH MANAGEMENT SERVICES LUXEMBOURG S.A.R.L.

74, rue de Merl,
L-2146 Luxembourg

RISK & INSURANCE SERVICES S.A.

1a, rue du Nord,
L-2229 Luxembourg

RISK & REINSURANCE SOLUTIONS S.A. (en abrégé: 2RS)

23, avenue Monterey,
L-2163 Luxembourg

SOGECORE S.A.

31, rue du Puits Romain,
L-8070 Bertrange

ZURICH INTERNATIONAL SERVICES S.A.

37, rue du Puits Romain,,
L-8070 Bertrange

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