June 14, 2020

GCP Short: Captive structures and tax – the invisible costs

22 minutes

In this GCP Short, Richard is joined by Karen Jenner and Joseph Finbow, from Friends of the Podcast TMF, and Lisa Coomber, Senior Group Insurance Manager at Vodafone, to discuss captive structures and the often invisible costs that are insurance premium taxes and other levies. Full biographies are below.

This discussion should be particularly helpful to anyone involved with the design, implementation or management of global insurance programmes.

In 20 very practical minutes, the experts outline what taxes are associated with direct and non-admitted programmes, where the responsibilities for compliance lie within different structures and how it can sometimes be more efficient to run a hybrid programme of both direct writing and using fronting partners.

For more information on TMF, visit: https://www.globalcaptivepodcast.com/tmfgroup

To learn more about Vodafone’s captive strategy, listen to GCP #20: https://www.globalcaptivepodcast.com/gcp20

Karen Jenner, IPT Business Development Director, TMF

With over 25 years of experience in the insurance industry, 10 specialising in IPT, Karen previously held roles with insurers and brokers in the London market, before bringing her experience of global insurance programmes and non-conventional insurance into the IPT arena.

Jo Finbow, IPT Assurance Director

Joseph is a chartered accountant with over a decade’s experience in handling global insurance premium tax issues. He started his career with KPMG and has built his knowledge and experience in supporting captive insurers, P&I Clubs and other specialist insurers. This is complemented by the work he completes researching and maintaining global insurance premium tax information.

Lisa Coomber, Senior Group Insurance Manager at Vodafone

Lisa has authoritative expertise in global insurance programmes. She joined Vodafone Group’s insurance team in 2008 where as Senior Group Insurance Manager and member of Vodafone’s captive underwriting committee she has designed the Group’s insurance risk strategy and developed the captive’s market-leading multi-line stop-loss reinsurance solution. Lisa is ACII qualified and prior to joining Vodafone enjoyed roles at Marsh and Yale University.

You can subscribe to the Global Captive Podcast on iTunes, Apple Podcasts, Spotify, CastBox or any other podcast app.

Contact Richard: [email protected]

Visit the website: www.globalcaptivepodcast.com

Twitter & Instagram: @captivepodcast

...more