Captive News

Global captive market updates, regulatory news and industry insights

First Asia-Europe International Captive Summit Forum Successfully Held

The First Asia-Europe International Captive Summit Forum, themed "Research on Captive Regulatory Policies in China and Abroad and the Development of Captive Domiciles", was held in Kashgar. It was hosted by the Kashgar Prefecture Administration, the Kashgar Economic Development Zone Management Committee and the Shenzhen Front Command for Xinjiang Aid Work, and organised by China Captive Network and Shenye Group Co., Ltd.

2016-06-28

Author：Editorial Team
COSCO Shipping Group Plans to Establish a Captive Insurer

As an important part of COSCO's shipping finance industrial cluster, COSCO Shipping Group plans to establish a captive insurer and is currently in the preliminary research stage. Internationally, it has become a trend for large shipping enterprises to establish captive insurers. In 2014, Maersk Group, the world's largest shipping company, established the captive insurer Maersk Insurance A/S to handle its own risk management. This move saves the company one-third of its premiums each year, an amount of about 600 million Danish kroner. It was also the first shipping company in the world to establish a captive insurer. In 2015, Maersk's captive recorded a profit of US$14.017 million.

2016-06-21

Author：Editorial Team
2015 Results of Chinese Captive Insurers Released

In 2015, the profitability of most property insurers declined due to market competition and major claim payouts, but the situation for captive insurers was somewhat different. How exactly do they differ? And what gaps remain between China's captive insurers and their foreign counterparts?

2016-06-09

Author：Editorial Team
Artex Acquires Gibraltar's Largest Captive Manager

Artex Risk Solutions, the captive management subsidiary of Arthur J. Gallagher, announced the completion of its acquisition of Quest Holdings (Gibraltar) Limited, Gibraltar's largest captive manager.

2016-05-09

Author：Editorial Team
CNPC Captive's Insurance Business Grew 2.57-Fold in 2015

CNPC Captive recently released its 2015 annual report: insurance business revenue grew 2.57-fold year on year, retained premiums more than doubled, and net profit rose 64.7% year on year.

2016-05-06

Author：Editorial Team
Guernsey, a British Dependency, Opens Representative Office in Hong Kong

On March 2, 2016, Guernsey, a British Crown dependency, established a representative office in Hong Kong to leverage Hong Kong's unique advantages as an international financial centre and a gateway to the Mainland market, promoting Guernsey's financial services in the Asia-Pacific region in areas such as trusts, investment funds, insurance and banking.

2016-03-10

Author：Editorial Team
中国自保网承办“第三届自保公司国际研讨会”

"第三届自保公司国际研讨会"于2016年1月30日在云南昆明召开。本届研讨会由北京保险研究院主办，苏黎士财产保险（中国）有限公司、天安财产保险股份有限公司和中国自保网承办。

2016-02-17

Author：Editorial Team
自保公司应成为母公司风险管理平台

2016年2月16日，中石油专属自保公司总经理魏国良接受中国保险报专访

2016-02-16

Author：Editorial Team
Yuedian A to Establish Captive Insurer with Controlling Shareholder

Guangdong Electric Power Development (Yuedian) announced on the evening of December 11 that the company plans to jointly establish Guangdong Yuedian Property Insurance Captive Co., Ltd. ("Yuedian Captive") with its controlling shareholder Yuedian Group. The registered capital is tentatively set at RMB 300 million, of which the company will contribute RMB 147 million for a 49% equity stake.

2015-12-11

Author：Editorial Team

From：中国证券网
China Railway Property Insurance Captive Approved to Commence Operations

On July 7, 2015, the China Insurance Regulatory Commission (CIRC) officially issued its approval for the opening of China Railway Property Insurance Captive Co., Ltd. This is the second captive insurer to commence operations in mainland China, following the CNPC property captive.

2015-07-07

Author：Editorial Team

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