All Captive Risk articles
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Captive RiskSwitzerland
CAPTIVES 48 (at end of 2008, according to independent supervisory authority Finma) CAPTIVE PREMIUM CHF273.8m (€197m) at end of 2008 LEGISLATION Swiss Federal Law on the Supervision of Insurance Companies and Financial Market Authority 2007 CAPTIVE TAX RATE 0% FEES CHF3,000, but dependent on complexity of case REGULATOR ...
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Captive Risk
Sweden
CAPTIVES 50 non-life captives CAPTIVE PREMIUM circa SEK1,087m (€112m) LEGISLATION Insurance Business Law 1982; Regulation of Insurance Business 1982:790; Law of Annual Statement for Insurance Companies 1995:560; Insurance Contract Law 2005:104 CAPTIVE TAX RATE flat rate tax system: 26.3%. Tax deferral due to equalisation reserves possible ...
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Captive Risk
Malta
CAPTIVES* nine pure captives, 24 international third-party writers under management and eight protected cells CAPTIVE PREMIUM* €670m LEGISLATION Insurance Business Act, Insurance Business (Companies Carrying on Business of Affiliated Insurance) Regulations 2003; and MFSA Rule 21 on Affiliated Insurance CAPTIVE TAX RATE 35% on the captive ...
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Captive Risk
Luxembourg
CAPTIVES 261 captives and eight direct written captives CAPTIVE PREMIUM total premium, including professional insurers, was €6.6bn in 2008 LEGISLATION amended law of 6 December 1991 on insurance sector CAPTIVE TAX RATE 28.59% on a deferred basis FEES application €2,000; annual licence €4,000 for a reinsurer; ...
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Captive Risk
Isle of Man
CAPTIVES 143 CAPTIVE PREMIUM €1.43bn LEGISLATION Insurance Act 2008 and Protected Cell Companies Act 2004 CAPTIVE TAX RATE 0% FEES £4,250 (€5,030) REGULATOR Insurance and Pensions Authority The Isle of Man is one of Europe’s oldest captive centres, having been a recognised captive domicile since 1982. ...
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Captive Risk
Guernsey
CAPTIVES 343 insurers, 327 PCC cells and eight ICC cells CAPTIVE PREMIUM £3.3bn (€3.84bn) as at 31 December 2008 LEGISLATION the Insurance Business (Bailiwick of Guernsey) Law, 2002; the Insurance Managers and Insurance Intermediaries (Bailiwick of Guernsey) Law, 2002 CAPTIVE TAX RATE 0% FEES application ...
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Captive Risk
Dublin
CAPTIVES 202 CAPTIVE PREMIUM gross written premium (2008) €1.84bn (Dima survey) LEGISLATION various acts and statutory instruments as listed on Central Bank and Financial Services of Ireland (CBFSI) website, including guidance note ‘Operational Guidance on Prudential Requirements Applicable to Captive Insurance Undertakings’ CAPTIVE TAX RATE 12.5% ...
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Captive Risk
Domicile, sweet domicile
Good people, short flights and a flexible regulator all help captives professionals decide on their ideal base. Liz Booth looks at the pros and cons of the main locations in Europe, and considers if being in or out of the EU is an advantage
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Captive Risk
Anders Carlsund, chief executive, S:t Erik Försäkring
S:t Erik Försäkring was the first public sector captive insurance company in Sweden. Based in Stockholm, it provides cover for activities run by the capital city. Nathan Skinner spoke to chief executive Anders Carlsund
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Captive Risk
Rethink and rebuild
As companies attempt to dust themselves down after the financial crisis, what role does risk management have in the recovery? Nathan Skinner puts the big questions to Zurich Financial Services’ group chief economist Daniel Hofmann
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