Captive Insurance News Wall - Keeping you Informed
Cutts-Watson Consulting Limited
I had fun at the Pageant Media’s UK Captive Owners Summit last week. I was co-hosting a round table with Daniele Zucchi of Saipem and others chatting about how captives can help mitigate challenging conditions in the D&O market.
The integrity created through properly established, run, governed and independently audited captives generally speak for itself. Captive boards may wish to appoint an independent consultant to provide assurance that policies, processes and controls are in place to deliver that integrity.
Insurance, regulation and tax are not the problems facing the discipline of risk management; the problem is risk. Risk is what we seek to better manage by using captives. Tax charges and regulatory compliance are also part of the landscape of risk; an adjunct to the insurance solution captives offer. A properly thought-out and executed strategy with the right tools ensures that the captive generates maximum value to its shareholder.
Mind the gap please …… between real and virtual captives
Swiss Re Corporate Solutions (SRCS) have unveiled the Virtual Captives Concept. What market need does it address? To whom are they suited? What gap does it bridge?
What is the applicability of a pseudo-captive within the current market reality?
Captives: the journey so far ……..