Long reads

The appeal of a business-friendly regulator and 0% premium tax are some reasons why Arizona continues to be an attractive domestic domicile option within the United States.

While the Labour election victory on 4 July is expected to delay progress on the proposed United Kingdom captive legislation, local industry has not given hope of pushing the new framework through.

There is an increasing number of captives requesting unbundled fronting services where the fronting carrier takes no risk with the client reinsuring 100% to the captive.

Despite the first Lloyd’s Captive Syndicate being formed this year, there is unlikely to be a sudden surge of new captive syndicates as the proposition is expected to appeal to only the largest multinational organisations in the short term.

France’s first year as a captive domicile has been hailed a success, but a stronger local ecosystem and continued education will be key if the jurisdiction wants to build on its early achievements.

Public entities, non-for-profits, and charities have long been common utilisers of captive insurance structures, but they are increasingly looking towards captives as a means of stifling rising costs and mitigating a lack of capacity in the commercial market.

There is hope that Solvency II amendments will allow for greater proportionality in the regulation of of captives domiciled within the European Union (EU), but the proposals stop short of giving captives their own classification.

Sitting on Vermont Governor Phil Scott’s desk awaiting signature, Bill H.659 includes important updates to the State’s statutes.