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By Serena CADUFF, Divisional Operating Manager ART at Swiss Re Corporate Solutions Rosy LAURENT, COO of 2RS Luxembourg, Licensed Manager Actuary
Over the past few decades, Luxembourg has emerged as one of Europe’s leading hubs for reinsurance captives. A captive is an insurance or a reinsurance company established as a subsidiary of a non-insurance parent company, primarily to underwrite and retain the risks of its parent.
Captives offer risk managers of large corporates a centralized and strategic tool to manage local risks within international insurance programs. This setup allows companies to implement and maintain an optimal risk financing strategy and enables more effective oversight, control, and coordination of risk...
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