Richard Cutcher

Ward Ching, chief client officer of Global Risk Finance at Aon Commercial Risk, has been recognised with the Distinguished Service Award by the Captive Insurance Companies Association (CICA) at its international conference in Palm Springs.

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.

The new structure follows the EY tradition of having an insurance-focused lead (Christie) and a tax lead (Schock) of the captive practice.

In this GCP Short, produced in partnership with MARSH, we explore the growth areas of international employee benefits and medical stop loss in captives.

As captives write business around the world, particularly when on a direct basis, they have to be mindful of complex and often changing local taxes and levies in each territory that they are active.

France formally entered the captive landscape in 2023, when it legislated for a specific resilience provision for reinsurance captives, somewhat comparable although not as generous, as that which has been so successful in Luxembourg.

SAIC Motor Insurance Co., Ltd, the captive owned by Chinese automotive group SAIC Motor, has entered a strategic partnership with Lockton.

Generali Group and Swiss Life Global Solutions have entered a long-term commercial partnership, including the planned acquisition of Swiss Life Network (SLN) by Generali Employee Benefits (GEB) Network.