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contents 22


6 CONCERNS, CONFUSION AND COMMERCIAL CARRIERS EMEA Captive


Guenter Droese of ECIROA addresses the ongoing discussions surrounding captives and Solvency II.


10 SIMPLIFYING THE COMPLEX EMEA Captive


Carlos Montalvo of EIOPA addresses the evolving Solvency II regime and EIOPA’s role in enforcing the directive.


14 FORECASTING GLOBAL REGULATION Jonathan Groves Chartis


The global captive regulatory landscape continues to evolve-and dynamically. Here, Jonathan Groves explores its likely direction.


18 THE BENEFITS OF OVERSIGHT Carlos Wong-Fupuy and Yvette Essen AM Best


Ratings can prove an invaluable aid to captives as they navigate the insurance landscape. AM Best outline their significance.


22 TECTONIC CHALLENGES


Dennis Harwick Captive Insurance Companies Association Dennis Harwick of CICA outlines the challenges facing the captive sector in 2012.


24 GREEN WITH LIABILITY Pierre Sonigo, Federation of European Risk Management Associations Pierre Sonigo explores the implications of the European Liability Directive.


28 UNDERSTANDING YOUR RISKS EMEA Captive


Alan Fleming of AIRMIC addresses the key risk management concerns faced by today’s captive industry.


30 WHERE TO TURN? Stephen Morris Thomas Miller


Stephen Morris assesses the various approaches captives can take to manage their investment portfolios.


34 REAP BENEFITS UNDER SOLVENCY II Paul Wohrmann Zurich Global Corporate


Optimising your risk portfolio can make captives more attractive under Solvency II, argues Dr Paul Wöhrmann.


24


38 CHALLENGING TIMES CALL FOR INNOVATIVE MEASURES Caroline Cruickshank BNY Mellon


Captives are increasingly turning to collateral trusts to satisfy their credit and risk management needs.


42 TECHNOLOGY: MAINTAINING A CUTTING EDGE Gary Markham Legal Solutions Group


Information technology is playing an increasingly substantive role in the running of captive entities. Its applications are explored.


46 THE ARABIAN GULF: UNLOCKING ITS POTENTIAL Ian Sangster Q-Re Ian Sangster of Q-Re details the development of the Gulf region and its potential as a significant area for captive growth going forward.


49 EMEA CAPTIVE DOMICILE ROUND-UP EMEA Captive


A summary of the legislative and regulatory situation in the leading EMEA domiciles.


54 GUERNSEY: INNOVATION’S HOME Fiona Le Poidevin Guernsey Finance


Guernsey Finance outlines why captive owners continue to view Guernsey as an attractive captive domicile.


58 MALTA: ASTRIDE EUROPE AND OFFSHORE Matthew Bianchi Malta Insurance Management Association Malta continues to attract rising levels of captive business to its shores, as Dr Matthew Bianchi explains.


61 THE ISLE OF MAN: CAPTIVE EXCELLENCE Isle of Man


The Isle of Man continues to enjoy a position as an international captive domicile of some reputation.


64 NATURAL CATS: ON THE RISE Dwane Feehely Labuan IBFC


Increased exposure to cat losses in Asia is encouraging firms to consider captives to mitigate rising risk costs.


4 emea captive 2011


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