Captive News

Global captive market updates, regulatory news and industry insights

Capital Flows into Southeast Asia's Insurance Sector, but Foreign Investors Still Face Three Major Challenges

Against the backdrop of an asset shortage at home, outbound investment has become increasingly common, with overseas financial industries such as insurance especially favored by capital. Notably, the course of outbound capital seems to have shifted: compared with the previously coveted markets of Europe and the United States, Southeast Asia's insurance industry is becoming a hot investment target for mainland capital.

2017-05-23

Author：Editorial Team
Vermont Signs New Captive Bill Approving Agency Captives

Vermont Governor Phil Scott on Monday signed legislation amending the state's captive law to add the agency captive form and to extend dormancy provisions to all captive types.

2017-05-19

Author：Editorial Team
New Georgia Legislation Aims to Attract More Captive Insurers

The Governor of Georgia has signed a new captive insurance statute, hoping to further clarify and update the state's captive laws, streamline the captive formation process, and allow captives to be organized as limited liability companies—creating a more attractive domicile environment for captives.

2017-05-19

Author：Editorial Team
New Montana Law Allows Captive Insurers to Enter Dormancy

Montana has enacted legislation allowing captive insurance companies to enter dormancy. According to a May 9 statement by the Montana Captive Insurance Association, the new law will allow captives to go dormant. A captive may apply for a dormancy certificate of up to five years, paying a US$1,000 dormancy tax before March 1 each year, while each company must maintain paid-in capital and surplus of no less than US$25,000. Under the previous law, a captive wishing to cease operations had to surrender its license and stop paying premium taxes.

2017-05-19

Author：Editorial Team
韦莱韬悦：支撑再保险的资本持续增加

根据韦莱报告，2016年韦莱再保险指数增加4个百分点至3441亿美元。如果计入非传统保险市场资本和按比例计算的保险集团再保险资本则为4490亿美元，较上年增加220亿美元。

2017-05-18

Author：Editorial Team
Labuan Captive Business on the Rise

In 2016, despite an overall decline in total premiums, premiums from Labuan's captive insurance business grew 18.8% to US$252 million.

2017-05-18

Author：Editorial Team
2017年开曼自保行业开局明朗

2017年第一季度，开曼群岛颁发了八张新的保险公司牌照。第一季度末，保险业总承保保费为146亿美元，保险总资产为600亿美元。

2017-05-18

Author：Editorial Team
City of London Eager to Finance and Insure the "Belt and Road"

London's financing capability is second to none globally: insurers, pension funds, sovereign wealth funds and other institutions in the London market have long been seeking long-term projects, in numbers that are unmatched—and all of them can finance Belt and Road projects through instruments such as bonds.

2017-05-18

Author：Editorial Team
Cyber Insurers Affected by Global Ransomware Attack, but Losses Limited

The "WannaCry" ransomware attack, which affected hundreds of thousands of computers worldwide, triggered cyber insurance claims around the globe, but insurance experts estimate that losses in the world's major insurance markets will be modest.

2017-05-16

Author：Editorial Team
Lloyd's Reports £2.1 Billion Profit for 2016

Lloyd's, the world's specialist insurance and reinsurance market, today announced a full-year 2016 profit of £2.1 billion, even though its combined ratio rose from 90.0% to 97.9%. 2016 was a highly challenging year: continued market pricing pressure, and traditional and alternative capital continuing to flow into the insurance industry.

2017-05-13

Author：Editorial Team

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