Network with Captive Review on LinkedIn

Follow Captive Review on Twitter

RSS

19th of May 2013

Captive owners ‘lack exit strategy awareness’

Vicky Beckett 17/10/2012

Lengthy run-off processes are employed by captive owners unaware of the ease of selling captives.
 
Captive novations are commoner in Europe than a straight-forward sale but if the parent just wants to dispose of the captive a sale is often the best option, experts have said.
 
Paul Corver, director of insurance investments at Randall & Quilter Investment Holdings, said that captive boards and executives often do not know what options are available. However, he added that Guernsey and Bermuda’s awareness is rising.
 
Corver said it is likely that run-off strategies will be more frequently sought in light of Solvency II, as companies with many captives want to slim down to only one or two vehicles to free up capital.
 
Increasingly companies like R&Q are looking at how to consolidate the captives acquired into the group, said Corver. “One company we acquired this this year has been amalgamated into another vehicle in Guernsey.”

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