Richard Cutcher and Luke Harrison

Although Hawaii has not added the same headline number of new captives in recent years compared to some other US domiciles, its existing portfolio continues to increase in sophistication and premium volume.

A captive owner association in Singapore is being developed by PARIMA and could be the first of several such groups in the region.

The “outstanding achievement” of France’s risk management association AMRAE to secure legislation introducing a regulatory framework for captives has given impetus to efforts in Italy, Spain and Germany to lobby for more appropriate captive regimes.

Captives are not new to France, with five new establishments in the past two years but updated legislation is expected to boost numbers.