Network with Captive Review on LinkedIn

Follow Captive Review on Twitter

RSS

19th of May 2013

Yum! Brands hopes to cover Indian risks in captive

Vicky Beckett 20/09/2012

Yum! Brands is hoping to make a “big push” in India and cover its restaurants’ risks through its captive’s global programme.
 
The KFC-to-Pizza Hut company makes most of its profits in China and has spent years educating local insurers, regulators and Chinese employees on the benefits of its captive.
 
Andy Steinbach, director of risk management for Yum! Brands, said: “As we move into emerging markets using the captive becomes more challenging. All our corporate restaurants are eventually going to be in our global insurance group.
 
“In emerging markets it’s harder because of the compliance issues. There is also an issue with partners where even the big companies like Chartis and Zurich have trouble getting global licences in countries like China.”
 
Mark Morris, senior vice-president, risk finance at Lockton Companies,said: “A globally funded reinsurance programme is now the main goal of Yum!’s captive.
 
“Yum! continues to take very large retentions; it’s a high cash flow business. They are very sophisticated about their risk appetite. They only buy more cat-type cover on the market.”
 
Yum! are focusing on China but Morris thinks the company’s experience and expertise can be applied to other emerging markets, such as India and South America.

Tags:

Captive Insurance Database (CID)is the world's 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 provides the names and contact details of captives’ risk managers, as well as the parent or ultimate parent companies’ address, country, CFO, CEO, and exchange.

CID also gives you the captive name, manager, licence and incorporation date and the type of captive the parent company is running.

CID will help you to:

•    Win more business proactively – Search from 5,700 captives and over 3,700 captive owners who you can offer your services to.


•    Increase profit and efficiency – Target specific captive owners and sponsors quicker, saving you time.


•    Build relationships
Access detailed contact information for each decision-maker. 

An annual CID licence costs just £1,195 + VAT.

Already a CID user?Login here.

Order a 2 year subscription and SAVE 25%
The licence includes full online access to CID and a free annual hardcopy of CID (worth £610).To find out more contact Nick Byrne on +44 (0) 20 7
832 6589 or n.byrne@captivereview.com.

more//

Company and Ratings Search

Search A.M. Best's extensive database of life/health, property/casualty and insurance companies worldwide.

more//

Cell Company Guide

WELCOME TO THE Captive Review Cell Company Handbook –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.

more//

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.

CID

Unlimited access to the Captive Review Data Centre

the definitive global captive network at your fingertips £1,195 p.a. Buy now | Search preview