Monday, February 26, 2024

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GCP #45: Peter Child, Fabrice Frere and the deVere Group formation

Peter Child, Artex
Fabrice Frere, Aon

In episode 45 of the Global Captive Podcast, supported by legacy specialists R&Q, we address a raft of news items coming out of the European captive market.

Guest co-host Peter Child, Head of European Operations and Managing Director at Artex, discusses the significant increase in Guernsey captive formations as well as the new pilot scheme to allow the pre-authorisation of insurance cells within 48 hours in the jurisdiction.

Fabrice Frere, Managing Director within Global Risk Consulting for Aon in Luxembourg, joins to discuss the possibility of a new captive regime in France and EIOPA’s comments on its 2020 Solvency II Review. On first reading there are positive takeaways for captives regarding a greater degree of proportionality, but, as ever, the devil is in the detail.

The captive owner interview is with new captive owners deVere Group. Peter Hobbs, chairman of deVere Group and its Guernsey captive White Knight Insurance Limited, details how the hardening professional indemnity market had pushed them into making the move.