The use of captives is on the increase and global capital is now
flowing into Guernsey-rated reinsurance, according to Aon Risk
Reporting from Aon's annual Guernsey Captive and Insurance
Masterclass in London, Captive Insurance Times highlighted how data
from Aon's recent Global Risk Management Survey saw an increase
in the use of active captives or protected cell companies, up to
18% from 15% in 2013.
Peter Mullen, CEO of Aon Captive and Insurance Management, said:
"There are a number of reasons for having a captive, however,
as risks become more complex and interconnected we see captives
being used in much more strategic ways, rather than being driven
purely by cost efficiencies."
The event, which was attended by more than 100 executives, also
heard that continued growth was expected as the need for
alternative risk financing solutions was growing exponentially,
according to Aon.
Paul Sykes, managing director at Aon Insurance Managers in
Guernsey, added: "Guernsey continues to be a destination of
choice for captive management, insurance-linked securities and now
"It was identified at last year's Master Class that
Guernsey is an attractive destination for global capital. One year
on it is clear from the work we are doing with the rating agencies
for clients that capital is being directed towards rated
reinsurance for both captives and commercial reinsurance
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