Mauritius licensed two new captives in December, recent updates to the domicile’s regulatory register shows, in a move that doubled its number of non-PCC captives.
The Bill was passed despite the Department of Commerce and Consumer Affairs (DCCA) opposing that it would allow captives to insure the public without adequate consumer protections or regulatory oversight.
ITOCHU Corporation has formed a new captive in the Cayman Islands and will ultimately novate policies from its Bermuda-domiciled entity in a re-domiciliation.
Piko AI leverages artificial intelligence and blockchain technology to reduce inefficiencies and help solve unstructured data problems that often persist across the captive industry.
Yves Betz, Head of Multinational Solutions at AXA XL, addresses a range of topics, including the evolving attitude of the commercial market towards captives, the increasing capital and capacity attracted to captive reinsurance and ART solutions, and the growing role of China in the captive marketplace.
In this GCP Short, produced in partnership with MARSH, we explore the growth areas of international employee benefits and medical stop loss in captives.