Maersk Insurance AS, the Danish captive insurer, reported a solvency ratio of 367% in 2023.
The company’s ratio has been on an overall rising trend since it reported the first Solvency II SFCR with a ratio of 303%.
According to the Maersk Insurance AS Solvency and Financial Condition Report (SFCR) the company is expanding its coverage scop.
“MIAS was established in 2011 as a captive insurance company for the A.P. Moller – Maersk Group (APMM, the group or parent company). As of September 2023, MIAS received a full insurance license and is now allowed to insure third-party risks outside of APMM. These third-party risks are limited to APMM clients buying services with APMM along with business interests that APMM have a contractual or regulatory responsibility towards.”
Figures provided by the Solvency II Wire Data Captive Insurance Hub.
