Despite its challenges, there is the potential for captives to write parametric solutions directly to insureds, according to Luc Schwartzbrod, head of risk finance & actuarial analytics, Aon Global Risk Consulting France.
Volkswagen is set to re-domesticate its Dublin-domiciled captive to Germany at the start of 2027, according to Tibor Boettcher, executive director and CEO of Volkswagen Insurance Company DAC (VICO).
After Hong Kong licenced the jurisdiction’s first captive licenced by a multinational enterprise, there is a real sense of momentum building in the domicile and an eagerness for further growth.