News by sections

News by region
Issue archives
Archive section
Emerging talent
Emerging talent profiles
Domicile guidebook
Guidebook online
Search site
Features
Interviews
Domicile profiles
Generic business image for news article Image: Shutterstock

28 July 2015
Anguilla, British West Indies
Reporter Becky Butcher

Share this article





Anguilla Finances releases fast-track application

Anguilla Finance has released a fast-track application process for eligible insurance managers, as published by the Anguilla Financial Services Commission (AFSC).

The new process allows for the issuance of insurance licenses to captive insurers within one business day for eligible insurance managers approved by the AFSC.

To be eligible for the fast-track programme, insurance managers should be licensed for at least three years by the commission, have a proven track record of meeting regulatory requirements, a track record of managing captive insurance companies, and the insurance manager and the captive insurance companies under its management should have an acceptable compliance record.

Steve Garlick, CEO of Anguilla Finance, commented: “We firmly believe that the AFSC has the ability in quality and quantity to provide the level of highly efficient service without any fear of a reduction in regulatory standards that we have been well known for.”

He added: “I would also expect that this initiative will be attractive to many large and small captive managers out there who find the current inability to process applications in a timely manner through the system, affects their ability to service their clients.”

Subscribe advert
Advertisement
Get in touch
News
More sections
Black Knight Media