16/10/2012
Kane plans to increase its US business while downsizing its Middle East captive business.
The captive manager plans to appoint an US managing director by the end of the year, and sees big growth prospects in the region, particularly in the middle market.
But in the Middle East Kane is focusing less on captive business and more on life, pension and investment administration.
“We have a great brand and presence in the Middle East, but the captive market is not picking up there as much as we originally envisaged,” said Simon Hinshelwood, Kane CEO.
“But we are instead picking up life, pension and investment administration business and also compliance support and consulting, so we are concentrating on these areas in the Middle East instead.”
Kane has also closed its registered London office and moved its finance team to its Guernsey office.
Hinshelwood said this did not constitute a downsizing, but was simply a more efficient way of managing its staff and resources.
“Our European clients for our captive management business are serviced in Guernsey and Malta, not London, so the London office was mostly administrative. It made more sense to move the finance team to Guernsey.”
Increase text size
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 7832 6589 or n.byrne@captivereview.com.
Search A.M. Best's extensive database of life/health, property/casualty and insurance companies worldwide.
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.
the definitive global captive network at your fingertips £1,195 p.a. Buy now | Search preview
Global Risk UK Breakfast Briefing
June 19 2013, Merchant Taylors Hall, London
Network and learn with risk managers and other insurance professionals at the FREE to attend Global Risk UK Breakfast Briefing.
An exclusive education and networking briefing for subscribers to Global Risk
Multi-Latina Risk Management Summit
July 8-9 2013, Hilton Cartagena Hotel, Colombia
The Multi-Latina Risk Management Summit is a highly-exclusive, invitation-only, educational and networking event for the C-level decision-makers and top risk managers from the leading corporations in Latin America's growing economies, specifically, Colombia, Chile, Peru, Uruguay and Panama, also widely known in the industry as 'the Multi-Latina'.
July 8-9 2013, Hilton Cartagena Hotel, Colombia
It’s been more than fifty years since Bermuda’s captive journey began and it is now well and truly a key player, with more captives setting up shop on the North Atlantic isle than anywhere else. Even though competition between domiciles is certainly heating up, particularly as the US tries to get a slice of the captive pie, Bermuda remains a heavyweight in the industry.
With employee benefits currently one of the most discussed topics within the captive industry, Marco Giacomelli of Generali Employee Benefits explains the opportunities EB offers and the need for increasingly sophisticated services.
