EU Insurance / Reinsurance Companies
In recent years, the establishment of insurance companies to underwrite personal and commercial insurance products into the European market (under the EU Freedom of Services Directive) has become popular. This type of company appeals to those organisations that already control large and profitable portfolios of insurance business but are looking to progress into risk participation.
Establishing an EU insurer or reinsurer requires a significant capital commitment but the resulting opportunities and advantages tend to make this worthwhile. Not only can these companies passport into all EU domiciles, they also allow the owner the chance to share in profitable underwriting. More importantly, the owner can use their specialist knowledge to manage their business, including the ability to set pricing and coverage and to manage claims.
Some clients choose to establish EU domiciled captives in order to underwrite admitted EU cover for their own business, a joint venture or a related business.
Our Malta and Gibraltar teams have specific expertise in direct underwriting structures and they create and manage these types of companies for many of our clients.
Heritage Group Limited, PO Box 225, Heritage Hall, Le Marchant Street, St Peter Port, Guernsey, GY1 4HY. Telephone: +44 (0) 1481 716000 Regulations