Captive News

Global captive market updates, regulatory news and industry insights

Singapore Becomes the World's Fastest-Growing Insurance Hub

On May 9, 2017, the London Market Group and the Boston Consulting Group released the London Matters 2017 report. From 2013 to 2015, Singapore was the fastest-growing market among the world's major insurance centres, with premiums growing 4% per year on average to US$8 billion; Switzerland grew 0.6% to US$31 billion, lagging Bermuda's 1% growth rate and US$39 billion in premiums.

2017-05-13

Author：Editorial Team
U.S. Property/Casualty Industry Loss Ratio Rose in 2016

The combined ratio of the U.S. property/casualty insurance industry rose 4 percentage points in 2016 from the prior year, and commercial insurance rates are expected to remain soft for the foreseeable future.

2017-05-13

Author：Editorial Team
百慕大保险专家访问智利和秘鲁

百慕大商业发展署BDA（Business Development Agency ）在2017年3月30日这一周率领一个业界代表团访问圣地亚哥、智利、秘鲁和利马，主办关于百慕大自保价值的执行论坛。

2017-05-04

Author：Editorial Team
开曼“现象年”

开曼群岛在2016年欢迎39家新的保险公司执照，以及2个新的投资组合保险公司。根据开曼群岛金融管理局的说法，2016年是新设保险公司组建“惊人的一年”。

2017-05-04

Author：Editorial Team
Labuan, Malaysia Releases Annual Report, Expressing Confidence in Asia-Pacific Captive Growth Potential

The Labuan International Business and Financial Centre (Labuan IBFC) of Malaysia has released its annual report. Asia's captive insurance industry is still in its infancy: companies set up captives mainly for risk financing or other risk management purposes, and the financial gains are not yet significant. Nevertheless, it firmly believes that the future growth potential of the Asia-Pacific captive industry is higher than that of other regions of the world, and remains optimistic about the future development of captive insurance in Asia.

2017-04-29

Author：Editorial Team
Kenya's Insurance Industry Profits Rose 16.8% in 2016

According to data from the Insurance Regulatory Authority (IRA) of Kenya, profits of the Kenyan insurance industry rose 16.8% in 2016 to KSh 11.1 billion (about US$108 million), while premiums increased 12.3% to KSh 194.7 billion (about US$1.9 billion). Life insurance was the fastest-growing segment, with net profit reaching KSh 5.8 billion (about US$56 million), more than tripling year on year.

2017-04-11

Author：Editorial Team
Global Insured Losses from Disasters Reached US$54 Billion in 2016, Up 42% Year on Year

On March 28, the latest sigma report from the Swiss Re Institute showed that in 2016, total economic losses from natural catastrophes and man-made disasters reached as much as US$175 billion, almost double the 2015 figure (US$94 billion). Global insured losses in 2016 were US$54 billion, up from US$38 billion the previous year—an increase of about 42% year on year.

2017-03-29

Author：Editorial Team
Nevada and Two Other U.S. States Report 2016 Captive Insurer Data

Recently, the U.S. states of Nevada, Hawaii and Kentucky released their 2016 captive data. The number of captive insurers in Nevada and Hawaii increased significantly, while Kentucky's captive industry saw a large wave of exits.

2017-03-22

Author：Editorial Team
Guernsey Added 11 New Captive Insurers in 2016

The Guernsey Financial Services Commission released a report showing that, by the end of 2016, Guernsey had 837 captive insurers in total, up 33 from 804 in 2015, including 242 insurance companies (comprising pure captives, reinsurers and life insurers), 65 PCCs, 14 ICCs, 414 protected cells, 58 life protected cells and 44 incorporated cells.

2017-03-21

Author：Editorial Team
Potential M&A and Joint Venture Deals Between Large Insurers and Tech Start-ups Expected to Surge

Insurers both old and new across Asia-Pacific are increasingly seeking M&A or partnership opportunities with technology companies outside the insurance sector, in order to understand and capture the opportunities embedded in insurtech. On March 13, 2017, leading global law firm Baker McKenzie (hereinafter "Baker McKenzie") released its latest "Asia-Pacific Start-up Investment Guide", aiming to provide insurers with a comprehensive handbook on M&A, cooperation and joint venture opportunities in the insurtech space.

2017-03-15

Author：Editorial Team

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