Clyde & Co – Cell owners in cell captive insurers in South Africa will come under pressure in 2020

  • FOIL
  • FOIL Ireland
  • FOIL select
  • London FOIL

Author - Ernie Van Der Vyer

Increased regulatory supervision will lead to a reduction in cell owners. The South African Insurance Act, 2017 introduced on 1 July 2018 the definition of a cell captive insurer and now provides that only cell captive insurers licensed under the act may conduct insurance business through cell structures.

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