Network with Captive Review on LinkedIn

Follow Captive Review on Twitter

RSS

19th of May 2013

All-inclusive captive investment product to launch

Vicky Beckett 30/10/2012

Wealth management firm London & Capital is planning an investment management product aimed at better use of captive and protected cell (PCC) company assets.
 
The new platform will offer a one-stop-shop solution for captive investment management, as opposed to captive and PCC owners sourcing multiple investment solutions or undertaking the duties in-house.
 
The new product arrives during a period of transition, as many captive owners are currently reassessing their captive's investment value. Technology manufacturer Honeywell, for instance, has managed to save over $15m in a year by investing the premium from long-tail risks.
 
Following the financial dislocation of 2008, many captive owners are still apprehensive about where they invest premiums, as many asset classes  - particularly traditional safe harbours, like government bonds - lost value during the economic crisis.
 
Many captive owners need to increase the variety of assets they invest so as not to assume more risk, increase cost or start to lift premiums, according to Bob Smith, president of Sage Advisory.
 
“Captive owners should also make sure their money manager knows insurance and is proactive in expanding the captive’s investment universe,” he said.
 
However, a one-stop-shop solution will not suit all captive owners. John Harris, Wood Group’s group head of insurance and risk management, said London & Capital’s would not appeal to him as his firm’s captive lends everything back to Wood Group with the exception of $10m required to stay in the captive by Guernsey’s regulators.
 
Mike Squibbs, risk manager for Europe, the Middle East and Africa at UPS, took a similar tack. “We wouldn’t think about using this product because of our reporting line. Investments are all managed by our treasury department. I expect it would be the same for every captive that does reporting through its treasury,” he said.

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