Wilton Captive Services Increasing formations of Captives
Prior to the arrival of the world pandemic, insurance premiums had already been firming. In the aftermath of Covid-19 premiums have continued to rise sharply across the majority of insurance lines and across a wide range of coverages in the traditional market. As a direct result, captive insurance managers and regulators are predicting that captive formations will continue to increase dramatically over the remainder of 2020 and through into 2021.
We are aware that in certain commercial markets, the insurance coverage has been reduced yet the premiums are skyrocketing. Interestingly, regulators report that captive insurance company formations are rising. Whilst risk managers and others are boosting discussions with regulators about new captive formations.
We are predicting that this will be a favorable year. It is hard to argue that when we have hardening traditional markets, captives make a lot of sense.
Wilton Captive Services Limited is a UK advisory and facilitation partner to High Net Worth’s, Private Family Offices and small to medium enterprises that designs and establishes captive insurance solutions and offers institutional debt issuance services.
If you would like to speak to us please contact:
Ian Du Feu – Director
Iand@wiltongroup.com
T: +44 (0)20 7355 3525
John Dupont – Director
JohnD@wiltongroup.com
T: +44 (0)20 7355 3525