Article by Malcolm Cutts-Watson
The start of a new year is always a good time to reflect on the
previous year and assess the opportunities and challenges that
might arise in the forthcoming year. Following a year of severe
natural disasters and highly publicised cyber breaches, it is
understandable that organisations are reviewing their risk
financing strategies and in particular the role their own captive
(re)insurance company can play in managing risk.
Review of 2017
2017 year end captive statistics were not available at the time
of writing, but I predict the trends of 2016 will have continued
into 2017. So we can expect new captive formations to be on a par
with 2016's number of 616 (disappointingly only eight of these
are Asian owners). This will bring the total number of captive
vehicles worldwide to around 6,750, albeit many of entities contain
cells (effectively mini captives) so the true number is closer to
7,500. So, there is continued steady growth
