Putting an insurer’s ( captive or otherwise) funds in a bank deposit or loaning back to the shareholder may seem like a risk free option but there is a catch. This paper explores best practice for insurer boards when considering investment strategy and makes some interesting observations. Maybe the bank isn’t the safest option!
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The AIRMIC practical guide for independent non-executive directors on captive boards is welcomed given the ongoing scrutiny of the INED role. A good introduction to the “what”, a little light on the “how”. Maybe release greater detail of what a good board and INED looks like and how to achieve this. AIRMIC and sponsor Aon are to be congratulated for raising the level of debate on governance.
This is an interesting and insightful article from the team at London & Capital as to how to extract maximum value from the investment function for a small insurer. Applicable to captives, cell vehicles and commercial (re)insurers, it offers a road map forward with key steps identified to achieve asset liability management. For insurer boards with limited investment expertise, L&C can provide assurance that investment risk (and reward) is understood, quantified and properly managed