MAXIS Global Captive Solution:
gain unparalleled expertise in
reinsuring benefits to your captives
Many multinational companies have found that a captive insurance company is the best means of creating and administering
a global risk management programmes. Captives can help large multinational companies finance and manage their employee
benefits risks more efficiently.
Although, there are over 6,000 captive insurance companies owned by multinational companies worldwide, up from 1,000 just
30 years ago, not all of them manage employee benefits inside of their captives.1 The number of captives has doubled in the last
five years and is now a growing part of the employee benefits landscape for multinational companies. 2
Why are an increasing number of multinational companies now utilising captive solutions
to reinsure employee benefits?
1.Companies with large multinational pooling arrangements tend to have an easier transition to a captive strategy and solution.
In many instances, if managed successfully, a multinational company may realise global cost savings through reduced risk charges
and administration fees, making it easier to efficiently incorporate employee benefits programmes into their captive vehicle.
2.With the regulatory impact of regulations and directives such as FATCA and Solvency II, multinational companies are reevaluating their approach to global employee benefits management. Captive schemes are proving to be attractive alternatives
for many multinational companies trying to both control risk and navigate changing global compliance environments.
3.Establishing a captive employee benefits programmes enables multinational companies to improve control over their benefits
programmes globally while increasing flexibility in plan design and policy terms and conditions.
These are a just a few reasons why we are seeing a move to captives around the world.
In response to this dynamic marketplace, MAXIS Global Benefits Network (MAXIS GBN) is
pleased to offer MAXIS Global Captive Solution, which provides the means to efficiently facilitate
risk retention for the multinational employer with its own captive reinsurance operation. MAXIS
GBN offers strong underwriting expertise that provides the captive with a transparent view of
the factors that impact local country risk. In addition, MAXIS Global Captive Solution business
development team offer consultative support in connection with financial data analysis of the
programmes and resolution of local country issues that may arise.
This solution is just one of several core risk management tools that MAXIS GBN offers to provide greater control of worldwide
benefits and an advantageous cash flow.
NETWORK SIZE
AND STRENGTH
TAILORED
AND FLEXIBLE
HEALTH
AND WELLNESS
DATA
AND ANALYTICS
MAXIS GLOBAL CAPTIVE SOLUTION – KEY ADVANTAGES
Financial efficiency and flexibility
ºº Multinational employers wishing to utilize their own captive insurance company for risk
retention can benefit from the reinsurance expertise of MAXIS GBN resources – with a captive
arrangement in place, expenses related to commission, taxes, risk charges and administrative and
underwriting costs can be reduced or eliminated.
ºº MAXIS GBN adjusts to the needs of the multinational employer, offering a variety of cash flow
options with premium cessions available annually, in advance or in arrears, or quarterly in arrears,
and programmes protections including individual and catastrophic excess reinsurance.
Information and experienced employee benefits professionals
at your service
ºº MAXIS GBN furnishes the multinational company with quarterly Bordereaux and annual
reports showing all income and expense elements of policies participating in the pooled,
captive arrangement.
ºº A MAXIS GBN benefits professional works directly with the multinational home office, or with
their global consultant, to ensure consistent, ongoing support and to provide expert evaluation
of programmes data.
Powerful combination of local market and regulatory expertise
ºº Our network of local member insurers allows MAXIS GBN to develop and deliver flexible and
tailored solutions to meet the individual needs of our clients in 110 markets around the world.
For more information on MAXIS Global Captive Solution, please speak
to your MAXIS GBN representative or contact us at www.maxis-gbn.com.
1. NAIC and the Center for Insurance Policy and Research, “Captive Insurance Companies,” March 2016
2. Towers Watson, “Multinational Pooling and Benefit Captives Research Report”, 2014
The MAXIS Global Benefits Network (“Network”) is a network of locally licensed MAXIS member insurance companies
(“Members”) founded by AXA France Vie, Paris, France (AXA) and Metropolitan Life Insurance Company, New York,
NY (MLIC). MAXIS GBN (“MAXIS”) S.A.S., with registered office at 313, Terrasses de l’Arche – 92 727 Nanterre Cedex,
France, is an insurance and reinsurance intermediary (registered with ORIAS under number 16000513 –www.orias.fr) that
promotes the Network. MAXIS is jointly owned by affiliates of AXA and MLIC and does not issue policies or provide
insurance; such activities are carried out by the Members. MAXIS operates in the UK through its UK establishment MAXIS
GBN with registered address at Hackwood Secretaries Limited, One Silk Street, London EC2Y 8HQ and Establishment
number BR018216 and in other European countries on a services basis. MAXIS operates in the U.S. through MetLife
Insurance Brokerage, Inc., with its address at 1095 Avenue of the Americas, NY, NY, 10036, a NY licensed insurance broker.
MLIC is the only Member licensed to transact insurance business in NY. The other Members are not licensed or authorized
to do business in NY and the policies and contracts they issue have not been approved by the NY Superintendent of Financial
Services, are not protected by the NY state guaranty fund, and are not subject to all of the laws of NY.
www.maxis-gbn.com
Not all features referenced herein may be available from all MAXIS GBN member insurers. Subject to prevalent local market
practices, and compliance with all applicable legal and regulatory requirements including local insurance and privacy laws.