Insurance

The Isle of Man has a thriving and internationally highly regarded insurance industry. In addition to Isle of Man based international life companies, which are among the most successful in the world, the Isle of Man is already host to captive insurance companies providing cover to numerous UK and global household names in the energy, telecommunications, transportation, manufacturing and retail sectors, among others and is likely to attract further attention from UK companies wishing to take advantage of reforms to the UK Controlled Foreign Companies rules.

Cains is able to provide expert advice on all aspects of Isle of Man insurance law, including: insurance regulatory and compliance issues generally;  regulation of insurance intermediaries and marketing of insurance products to Isle of Man residents; establishment of captive and other insurance companies in the Isle of Man; granting of permission to foreign insurers to carry on insurance business in the Isle of Man; redomiciliation of insurance companies both to and from the Isle of Man; corporate transactions (including insurance portfolio transfers) involving Isle of Man insurers or foreign insurers with Isle of Man policyholders; and reinsurance, commutation and other insurance-related arrangements and transactions involving Isle of Man insurers.

For more details please contact: Jonathan Latham or Richard Vanderplank.