2012-02-13 10:02:12 -
A panel of analysts from A.M. Best Europe will review the potential impacts of Solvency II on the captive sector. The one-hour public webinar is set for Tuesday, 21 February at 2 p.m. GMT.
Register at no charge by using this GoToWebinar link: www1.gotomeeting.com/register/200703089 : cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fww .. .
Although the captive sector reported widespread growth in 2011, from a European perspective the approach of Solvency II has introduced much uncertainty about its prospects. For captives located within the EU the new insurance regulatory regime is likely to have a material effect.
What is less clear is the extent of this impact but, as yet, few concessions have been made to the argument that the objectives of Solvency II have little relevance
to captive operations. This could provide captive domiciles outside the EU with a competitive advantage, although the picture is confused by, for example, the position of Bermuda (the largest captive centre) seeking Solvency II equivalence but excluding the supervision of captives.
This webinar will discuss the salient features of Solvency II and how they might affect captives. As presently framed Solvency II is a major challenge to the efficiency and effectiveness of many captives. The possibility of meeting such a challenge by a captive being rated will also be considered.
Panelists for this webinar will include.
- Anandi Nangy-Kotecha, Associate Director, Analytics
- Clive Thursby, Senior Director, Market Development, EMEA & South Asia
Register at no charge by using this GoToWebinar link:
www1.gotomeeting.com/register/200703089 :
cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fww .. .
Currently A.M. Best rates approximately 200 captive schemes in over 40 jurisdictions, ranging from Hawaii in the West to Labuan in the East.
A.M. Best Europe – Rating Services Limited is a subsidiary of A.M.
Best Company. Founded in 1899, A.M. Best Company is the world's oldest and most authoritative insurance rating and information source.
For more information, visit www.ambest.com :
cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww .. .
Copyright © 2012 by A.M. Best Company, Inc. ALL RIGHTS RESERVED.
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A.M. BestAnandi Nangy-KotechaAssociate
Director, Analytics+(44) 20 7397 0271
anandi.nangy-kotecha@ambest.com : mailto:anandi.nangy-kotecha@ambest.com orClive
ThursbySenior Director, Market Development,EMEA
& South Asia+(44) 20 7397 0331
clive.thursby@ambest.com : mailto:clive.thursby@ambest.com orEdem
KuenyehiaAssoc. Director, Market DevelopmentCommunications+(44)
20 7397 0280
edem.kuenyehia@ambest.com : mailto:edem.kuenyehia@ambest.com orJim
PeavyAssistant Vice President, Public Relations+(1)
908 439 2200, ext. 5644
james.peavy@ambest.com : mailto:james.peavy@ambest.com
