Willis Towers Watson is set to offer its captive management services in Switzerland.
The expansion comes after Willis Towers Watson received confirmation from the Swiss Financial Markets Supervisory Authority to begin offering insurance management services in the country.
The expansion is part of Willis Towers Watson’s strategy to offer multinational corporations across Australasia, Europe, Latin America and North America an option for placing risk in a captive insurance domicile.
It also adds to its European presence in Gibraltar, Ireland, Luxembourg and Malta.
Nigel Goodlad, regional managing director of Europe in Willis Towers Watson’s global captive practice, commented: "Switzerland offers many attractive benefits to the discerning corporate client, including its Solvency II equivalence, high-quality regulation with specific captive reinsurer registration, established double tax treaties around the globe and multilingual capabilities."
