CAPTIVE REINSURANCE

| December 9, 2016

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An important corporate function is reducing exposure to risk. Very often, corporations purchase insurance on the commercial market to protect their interests. In some cases, a company may not be able to acquire the coverage it needs to cover certain risks, or the premium may be prohibitively expensive. In these cases, companies can consider using a captive insurance company to achieve their risk-management objectives. A captive operates similarly to a commercial insurance company. However, the primary role of the captive is to insure or reinsure the risk exposure of the parent company and its affiliates. Employers may gain tax and investment advantages by owning a captive. This white paper will provide background on the formation of captives and explain how a captive reinsurance arrangement can be used for employee benefits.

Spotlight

Etiqa Insurance Singapore

Etiqa Insurance Pte. Ltd. is a licensed life and general insurance company registered in the Republic of Singapore and governed by the Insurance Act. In July 2016, Fitch rated the company “A-” for its financial strength and stable outlook. Etiqa has been providing general insurance solutions in Singapore for more than 55 years. It started business in Singapore in 1961 as United General Insurance Co. Sdn. Bhd.. The company evolved to become the Singapore branch of Etiqa Insurance Berhad in 2009.

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Spotlight

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Etiqa Insurance Pte. Ltd. is a licensed life and general insurance company registered in the Republic of Singapore and governed by the Insurance Act. In July 2016, Fitch rated the company “A-” for its financial strength and stable outlook. Etiqa has been providing general insurance solutions in Singapore for more than 55 years. It started business in Singapore in 1961 as United General Insurance Co. Sdn. Bhd.. The company evolved to become the Singapore branch of Etiqa Insurance Berhad in 2009.

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