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Captive Insurance Key Industry Issues in 2009 Babrow Building | The Valley | Anguilla | British West Indies | AL-2640 | Telephone: (284) 494 4717 | Fax:

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Presentation on theme: "Captive Insurance Key Industry Issues in 2009 Babrow Building | The Valley | Anguilla | British West Indies | AL-2640 | Telephone: (284) 494 4717 | Fax:"— Presentation transcript:

1 Captive Insurance Key Industry Issues in 2009 Babrow Building | The Valley | Anguilla | British West Indies | AL-2640 | Telephone: (284) | Fax: (284)

2 Folio Insurance Management Limited is a licensed captive insurance manager, offering a range of services in relation to the formation and management of captive insurance vehicles Hyperion Risk Solutions Limited is a licensed insurance and reinsurance intermediary and international consultancy, specializing in the procurement of insurance solutions for a variance business needs. Babrow Building | The Valley | Anguilla | British West Indies | AL-2640 | Telephone: (284) | Fax: (284) Folio & Hyperion – An Introduction

3 Lack of available capacity in the commercial markets Unreasonable terms and conditions being offered by the commercial markets Creation of cost benefit arising from internal risk management controls Access to reinsurance markets Underwriting control and stability Bottom-line protection against cyclical nature of commercial insurance markets Tax optimisation Babrow Building | The Valley | Anguilla | British West Indies | AL-2640 | Telephone: (284) | Fax: (284) Why form a captive?

4 Types of captives Single parent captives Group captives Diversified captives Agency captives Association captives Rent-a-captives Segregated Portfolio Companies (SPCs) Babrow Building | The Valley | Anguilla | British West Indies | AL-2640 | Telephone: (284) | Fax: (284)

5 Typical Captive Clients S&P 500 Companies Significant property owners (developers / hotel chains) Government / Municipalities Family business owners / Entrepreneurs Medical Facilities / Nursing homes Engineering / Mining Associations (ICI Mutual, ALAS, OCIL) Babrow Building | The Valley | Anguilla | British West Indies | AL-2640 | Telephone: (284) | Fax: (284)

6 Credit Enhancement International Life Insurance Conversion of banking products into (re)insurance products (bonds, credit default swaps) – Insurance Special purpose vehicles (ISPV’s) Babrow Building | The Valley | Anguilla | British West Indies | AL-2640 | Telephone: (284) | Fax: (284) Captives – Additional Uses

7 In excess of 6,000 captive (re)insurance vehicles worldwide Writing more than US$30 billion in premiums 50+ active domiciles (compared to around 25 in 2003) Capital and surplus estimated at over US$75 billion Babrow Building | The Valley | Anguilla | British West Indies | AL-2640 | Telephone: (284) | Fax: (284) Captive Statistics

8 Around 200 captive (re)insurance vehicles Generally small to medium sized Continued year on year growth Babrow Building | The Valley | Anguilla | British West Indies | AL-2640 | Telephone: (284) | Fax: (284) Anguilla Captive Statistics

9 Key Issues: Organization Private sector investment Taxation /AML compliance Highlight niche markets Treaties Direct and indirect marketing Babrow Building | The Valley | Anguilla | British West Indies | AL-2640 | Telephone: (284) | Fax: (284) How can Anguilla sustain its recent momentum?

10 Questions Babrow Building | The Valley | Anguilla | British West Indies | AL-2640 | Telephone: (284) | Fax: (284)


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