On Tuesday 31
st January and Wednesday 1
st February 2012 Captive Review held an extensive two day captives and global programme conference, Captive Live UK.
The conference covered key industry legislation, trends and best practice, led by risk managers from both large corporations and smaller captive owners. The conference also enabled a programme of networking and meetings between buyers and sellers.
For senior level executives from a company considering captive insurance, a current captive owner or working within the UK captive insurance market, Captive Live UK is an ideal opportunity to update your knowledge, debate the hottest topics and network with major players from across the UK risk management market.
Mike Stalley FCA, Chief Executive of FiscalReps, held a presentation on Basic tax and accounting on Tuesday 31
st January between 9.30am and 10am in the James Watt room which was well attended.
Mike then moderated a panel session at 10am in the King’s Vault room entitled ‘Tax update: What you need to know’. Mike was joined by David Clissitt, Partner, Financial Services Tax, Deloitte, Howard Jones, Head of Insurance Tax Services, Mazars and Ian Woodruff, Director, Tax, Grant Thornton UK. The panel session was well attended and raised some interesting issues.
After two days of sessions, discussions and networking FiscalReps came away with a clear understanding of the key compliance issues that the UK captive market are currently facing and a strong foundation for future offerings to enable our new contacts ensure their own premium tax compliance.
We decided to run a competition during the event with the winner receiving an iPad. 73 participants, consisting of Risk Managers / Captive Owners, Insurers and Brokers, completed a short survey regarding their current insurance premium tax situation and a winner was then selected at random at the end of the event. Congratulations to Derek Maddison from Marsh who was the lucky winner!
FiscalReps Chief Executive Mike Stalley says: “Captive Live was a great event; the sessions were concise and filled with interesting and important information. The event also gave us the opportunity to network with our industry peers and discuss the compliance issues that the captive market are currently challenged with.”