TITLE

Will Solvency II Send Captives Packing?

PUB. DATE
March 2010
SOURCE
Best's Review;Mar2010, Vol. 110 Issue 11, p22
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article examines the impact of Solvency II regulation towards the captive industry in Europe. Jeanette Rödboro, executive manager of the European Captive Insurance and Reinsurance Owner's Association, notes that parent companies are likely to move from Europe and insurers are expected to consolidate. Willis Management managing director Dominic Wheatley, mentions that the assets of the reinsurance firms would get recognition of the regulation if they apply for regulatory equivalence.
ACCESSION #
48633771

 

Related Articles

  • Isle of Man opens market to PCCs. Aldred, Carolyn; Souter, Gavin // Business Insurance;3/7/2005, Vol. 39 Issue 10, p21 

    This article focuses on business insurance in the Isle of Man. Legislative changes allowing protected cell companies and the formation of captives owned by limited liability partnerships, should make the Isle of Man a more attractive domicile, captive managers say. But for 2004, the domicile...

  • Ireland seen emerging as `a little bit of haven'. Jennings, John // National Underwriter / Property & Casualty Risk & Benefits Manag;3/14/94, Vol. 98 Issue 11, p11 

    Reports on the emergence of Ireland as a haven for captive companies and reinsurance capacity. Expansion of the International Financial Services Centre based in central Dublin; Reasons for Ireland's strong attraction.

  • Reinsurers look at alternatives. Zolkos, Rodd // Business Insurance;11/30/98, Vol. 32 Issue 48, p13 

    Reports that reinsurers are showing a willingness to work closely with captive insurance companies, according to Michael D, Schnur, managing director at Guy Carpenter & Co., and other. Reasons for reinsurers' bullish attitude towards captives; Benefits of consolidation on reinsurance buyers.

  • Captives face problems with fronting, reinsurance. Bradford, Michael // Business Insurance;3/4/2002, Vol. 36 Issue 9, p24 

    Reports the fronting and reinsurance issues facing captive insurance companies in the U.S. Exposure extent of companies to risks; Influence of the rise of reinsurance price on the issue; Move of the Internal Revenue Service to scrutinize insurance transactions.

  • Reinsurance troubles may await captives. Bradford, Michael // Business Insurance;12/06/99, Vol. 33 Issue 49, p36 

    Warns captive insurance companies against the possible tightening of the reinsurance market in the United States in the year 2000. Impact of the consolidation of reinsurers; Partial collapse of retrocessional markets; Need for captive owners to stay away from large amounts of quota share...

  • Reinsurance market adding to challenges. Zolkos, Rodd // Business Insurance;8/26/2002, Vol. 36 Issue 34, p4 

    Reports the deals made by reinsurance market to captive companies in Burlington, Vermont. Effects of the September 11, 2001 terrorist attacks on the insurance industry; Efforts of reinsurers to restore capital; Nature of reinsurance markets.

  • Conditions promoting alternative uses for captives. Zolkos, Rodd // Business Insurance;8/26/2002, Vol. 36 Issue 34, p4 

    Reports the market conditions for captive insurance companies in the Burlington, Vermont. Feasibility of forming a captive; Benefits of establishing relationship with reinsurers; Demands in the reinsurance market.

  • Fronting woes fuel trend to establish more direct captives. Aldred, Carolyn; Souter, Gavin // Business Insurance;3/7/2005, Vol. 39 Issue 10, p20 

    This article presents information on captive insurance in Luxembourg. Although Luxembourg traditionally has been home to reinsurance captives, its captive managers are increasingly looking to establish direct-writing captives as well. Luxembourg added two captives in 2004, bringing its total to...

  • Coming PCC regs expected to attract more business. Aldred, Carolyn // Business Insurance;3/15/2004, Vol. 38 Issue 11, p30 

    Prompted by several years of a hard insurance market, renewed interest in captives is resulting in premium growth and new formations on the Isle of Man. A total of 12 new captives were licensed in 2003, while six were closed or transferred, typically following corporate mergers, producing a...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics