13/01/2010
Good intentions abound at this time of year, with many people resolving to ‘better’ themselves in a variety of ways (at least until the initial enthusiasm
wears off) often by trying something new or giving something up.
However there’s no reason why such resolutions can’t also be applied to captives. Below is a list of typical ‘new year’ resolutions, and a tongue-in-cheek look at how they might relate to a captive…
1. Visit exotic new locations. Investigate opportunities for captive migration, ideally domiciles which are hot and sunny, requiring frequent meetings ‘on location’.
2. Detox The annual health blitz – review and assess the captive’s performance in the context of its objectives to date. Establish new strategic and operational objectives for the year(s) ahead.
3. Lose Weight De-risk your historic liabilities, for example through commutation, novation, retrospective reinsurance or even the sale of the captive itself (see below).
4. Divorce (in light of the new streamlined you – see previous resolutions) Captive rationalisation.
5. Try new things (if you don’t fancy the above, a bit of variety can give you a new lease of life) Explore emerging and niche risks, such as pandemics, nanotechnology and digital risks.
6. Get fit Get more efficient with your capital.
7. Get a better education Improve your knowledge on Solvency II and other risk based calculations. Particularly on the impacts of the proportionality principle for captives.
8. Review finances Review investment portfolio.
9. Catch up with old friends Review all your service providers and ensure you are receiving the best service for your new and improved objectives.
10. Get a better job Optimise your insurance programme.
It would be nice to think that, with the right advice and encouragement, captives may succeed where most people fail and actually achieve some of their resolutions
before the end of the year (and not give up on them by the end of January)!
Increase text size
Captive Insurance Database (CID) is the world's leading and most comprehensive online source of captive market intelligence.
CID gives users instant access to the names of parent companies who currently own a captive. It also gives you the captive name, manager, license date and the type of captive the parent company are running. Uniquely CID also contains vital contact information on captive owners and sponsors. This can be used to chase after new business or simply to get a better grasp of the market
CID will start helping you in,
• Winning more business proactively – Search from 5,292 captives and over 3,000 captive owners who you can offer your services to.
• Increasing profit and efficiency – Target specific captive owners and sponsors quicker, saving you time.
• Building relationships – Detailed contact information for each decision-maker
An annual CID license costs just £1,195 + VAT.
Already a CID user? LOGIN to the database here.
Order a 2 year subscription and SAVE 25%
The license includes full online access to CID and a free annual hardcopy of CID (worth £610) . To find out more contact Ryan Nash on +44 (0) 20 7029 4065
or r.nash@pageantmedia.com
Search A.M. Best's extensive database of life/health, property/casualty and insurance companies worldwide.
WELCOME TO THE Captive Review Cell Company Handbook 2009 – the second edition of our global directory of cell company jurisdictions. Since we last published this directory, the general attitude toward cell companies seems to have shifted up a gear. Whereas single-parent companies have long ruled the captive roost, a slight uptick in the formation of pure captives at the beginning of this year can’t hide the fact that growth in this market is still sluggish.
Pellentesque feugiat arcu vitae lacus elementum in ullamcorper diam pulvinar. In odio massa, facilisis sed dignissim vel, vehicula ac diam. Curabitur tempor, quam nec aliquam tempus, dui lorem venenatis arcu
Mauris accumsan orci ut turpis placerat condimentum. Ut sit amet lobortis purus. Class aptent taciti sociosqu ad litora torquent per conubia nostra, per inceptos himenaeos.
European Captive Forum 13-14 November 2012 Luxembourg European Captive Forum is the Europe's leading...
European Captive Forum
Captive Live USA ,10–11 September 2012, Fairmont Hotel, Chicago. Now in its 2nd year,...
We at Captive Review are keeping a close eye on Malta, not only because of its reputation as a high-quality captive domicile, but also because it is on the forefront of Solvency II.
Originally planned as an insurance and reinsurance directive, Solvency II has undoubtedly unnerved the captive insurance industry.
Be the first to comment on this article!