News

Several near-term priorities were identified, including the development of a coordinated industry proposition promoting Ireland’s captive expertise and the need for greater clarity around improved authorisation timelines. 

Industry stakeholders have welcomed the UK’s proposals since the draft regulations were revealed, describing it as an important step towards a competitive international domicile.

Marsh Nexus, the employee benefits cell solution launched earlier this year, is lowering the barrier to entry for multinational employers looking to finance EB through a captive structure.

Apex covers general liability exposures in North America, including coverages for professional liability, physical and sexual misconduct, and personal and advertising injury, for its parent, Bright Horizons and its subsidiaries and affiliated companies.

The ratings reflect TCA’s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management (ERM).

MSH, a subsidiary of the Diot-Siaci Group, has launched Elucin, a new consultancy specialising in employee benefits captives.

Malta-domiciled Norfolk Re Europe Cell is a cell of the WTW-owned Lime Street PCC structure and was licensed on 2 July.

For captive owners, structured risk solutions (SRS) can provide greater certainty by moving away from annual renewals and towards a multi-year approach, according to AXA XL’s Joe Filby and James Donald, of Lockton who discussed the subject on a recent episode of the Global Captive Podcast.