From: Captive Intelligence
Udo Kappes, chairman of the European Captive Insurance and Reinsurance Owners Association (ECIROA), believes players in the captive market are being heard by regulators and the wider insurance market.
Speaking at the opening of the European Captive Forum on Wednesday, Kappes said the expected 900 participants at the event “clearly shows that topics related to captives are on the rise”.
Commenting on the hoped-for Solvency II reforms that could lead to a greater level of proportionality applied to captives domiciled within the European Union, Kappes said this was a sign of greater understanding by insurance supervisors.