CASTLETOWN

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CASTLETOWN GROUP IS AN INDEPENDENT PROVIDER OF A RANGE OF INSURANCE AND RISK MANAGEMENT SERVICES TO COMPANIES OPERATING IN ADVANCED AND DEVELOPING GLOBAL ECONOMIES.

About Thomas Miller Captive Management

 

Castletown Insurance Services provides management services to captive insurance companies tailored to match clients’ risk management and financial ambitions

Thomas Miller (Isle of Man) Limited, the immediate parent of Thomas Miller Captive Management Limited (“TMCM”), is delighted to advise that it has acquired Castletown Insurance Services Limited (“CISL”). 

TMCM and CISL have for a long time been the only two independent captive insurance managers on the Isle of Man. Both companies have successful businesses providing bespoke insurance management services to a portfolio of world class corporate clients and have separately been championing the “independent” cause for many years.

 

About Thomas Miller Captive Management 

Thomas Miller Captive Management (TMCM) specialises in establishing and managing insurance companies for third parties. Typically clients consider captive management as a way of reducing insurance premiums, managing risk or supporting strategic, financial market or operational considerations. TMCM clients range in size from small broker captives through to listed multinationals.

A choice of captive management solutions

With 125 years of insurance management heritage and a worldwide knowledge pool, Thomas Miller Captive Management can offer a choice of captive management solutions, tailored to the needs of each client. Comprehensive captive management services include underwriting, administration, claims management, in house investment and cash management, governance, accounting and financial reporting – everything a client needs for a fully managed service. 

Services include:

  • Single Parent Captive, Protected Cell Company or Association/Group schemes to suit each client’s needs
  • A truly independent focused approach from a specialist with over 125 years’ heritage
  • Tailored solutions to insurance management with bespoke reporting to meet the needs of individual clients
  • Skilled professionals designing and managing each captive management solution
  • A licensed Insurance Manager that is regulated by the Isle of Man Financial Services Authority
 

The Isle of Man

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Since the early 1980s, the Isle of Man has established itself as a global centre of business excellence with a reputation as one of the world’s leading and best regulated financial centres.

The Isle of Man has developed clear and proportionate insurance legislation designed for the captive insurance market. It offers a nil tax rate for corporates, and has lower capitalisation and solvency margin requirements than many of its counter-party jurisdictions.

Organisations confidently conduct business on the Isle of Man benefitting from a stable political environment. These business essentials are matched by a world class, relevant and responsive business community.

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