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The Eastern way When it comes to captives, Asian companies are still lagging behind their European counterparts, according to Malcolm Cutts Watson, chairman of the Willis international captive practice.
A captive insurer will also not have to seek approval if it obtains a letter of awareness stating that the authorised personnel of the insured risk approves placing insurance with the captive.
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Risky business Captive coverage in Singapore ranges from general, product and public liability to cyber-related coverage, credit insurance and political risk.
Herbert says that there are very few areas of coverage that a Singapore-based captive cannot write.
The firmware is ancient from 2009 and that's the latest one I can find.
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This affects their Po S (Point of Sale) system, tablets, i Phones.
Also, it's not a DNS hijack, as the URL from the HTTP doesn't change.
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Much like its motto ‘Majulah Singapura’ (‘Onward, Singapore’), Singapore is focused on remaining the leading captive domicile in Asia Pacific for the foreseeable future.
After attracting its first captive in 1983, the Southeast Asian city-state is now home to 60 captives, and while it may not be rivaling industry heavyweights such as Bermuda and the Cayman Islands just yet, Singapore is certainly holding its own in the East.