Captive Insurance

Globally, PwC provides a broad range of services to over 500 captive insurance companies. No other professional services firm can match our ability to deliver coordinated services, nor can they match the depth of resources and the range of experience we offer. Our practice is uniquely focused on bringing strategic solutions, expertise and value to our captive insurance company clients and their shareholders.Our client list says it all. We serve the pre-eminent industrial and financial services organisations in the US and around the world.

Our Specialist Resources
Our global Captive Team is geared to meeting the needs of our clients and their stakeholders. Our leading insurance industry expertise and captive specialisation enables our professionals to focus on helping you resolve your business issues. We can offer constructive, objective and independent advice. Our multi-disciplinary approach means that our team of seasoned tax, actuarial, risk management, accounting, regulatory and business recovery experts – can help you to quickly identify, plan and address business issues, opportunities and challenges – minimising last minute surprises and increasing the benefits you derive. We can help you make it all work. We have excellent working relationships with the major domicile regulators and captive management companies and are accustomed to helping you meet the demands of corporate timetables and objectives.

Responding to Your Business Needs
Our services mirror your business cycle of needs, including:
  • Establishment – formation assistance, captive tax planning, structuring and feasibility studies.
  • Enhancement – risk management, tax and operational reviews of existing and planned programs, including “Captive Health Checks” of existing captives.
  • Ongoing maintenance – audit and assurance services, actuarial reserve studies and statutory certifications, tax compliance and actuarial support for transfer pricing analyses.
  • Closure – process improvement reviews, specialist advice on run-off or commutation strategies (including managed wind-ups).
Find out more about the issues impacting the industry and how PwC can help prepare you for what comes next.

Solvency II Equivalence
Solvency II is the largest change to European insurance solvency regulations in living memory and will significantly impact Bermuda’s (re)insurance industry.

Find out how you can make the most of Solvency II compliance.

Foreign Account Tax Compliance Act (FATCA)
The Foreign Account Tax Compliance Act (FATCA) was enacted as part of the Hiring Incentives to Restore Employment (HIRE) Act of 2010. It requires financial institutions to use enhanced due diligence procedures to identify US persons who have invested in either non-US financial accounts or non-US entities.

Find out if your company could be impacted by FATCA.

Learn more about how PwC can assist you with: