£6bn under management and annual premiums of £1.2bn
Isle of Man captive insurers have close to £6bn in funds under management and premiums £1.2bn a year, the FT reports in a special feature.
The Isle of Man has a separate regulator for insurers, the Insurance and Pensions Authority (IPA). The International Monetary Fund endorsed the IPA except for gaps in areas such as corporate governance, on which the IPA is already close to issuing binding guidance. Insurance legislation was simplified in a single act last year.
“Captives are a relatively safe product for the island and it’s good business to have,” says Derek Patience, head of Marsh Management Services Isle of Man and chairman of the Isle of Man Captive Association.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
