Airmic updates captive governance guide
Airmic has updated its captive governance guide. Published in 2019, Airmic produced the guide in collaboration with Aon. The guide has been updated due to the increasing industry interest in captives. The value of captives has been emphasised by hard market conditions, Airmic says The guide focuses on a practical approach and is specifically aimed at independent non-executive directors on captive boards. It also provides information for risk managers, captive owners and for those considering setting up a captive board. A captive’s board holds a captive’s operations to account, and provides independent and expert insight.