Captive Insurance is now welcome in Italy. And Italian-led business professionals are here for it.

 
July 31, 2025

Strategic Risk Solutions (SRS) has a reputation for leading the charge when it comes to captive insurance management. Establishing SRS Italy and becoming the only manager in the country with an active captive at this time, only adds to the company's standing. SRS Italy is open for business.

“SRS Italy is proud of our success in supporting our Italian clients in managing their captives and being able to assist them in answering the new regulatory challenges.  Our initial journey opens the field for further captives domiciled in Italy” said Lionel Tanner, Managing Director, SRS Italy. “Having our office and team located in Milan has been a crucial factor in understanding and answering the needs of our clients. Our local presence linked to SRS’s mentality of 'making it happen' as well as the strong involvement of our local partner, Strategica Group, have been the cornerstone of our success.”

On 23rd June, SRS, along with their partners ANRA and Strategica, held an educational seminar in Italy to discuss the captive concept and its advantages. The seminar was geared specifically toward Italian companies interested in a more sophisticated risk financing technique. The morning kicked off with round table discussions coordinated by Andrea Cabrini, Managing Director of Class CNBC, the Italian branch of CNBC. As a financial journalist and anchor, Cabrini has multiple decades of experience covering the economy, global markets, and the banking and asset management industry, making him the ideal person to lead the tables through a series of questions and answers.

The first roundtable discussion centered on risk management strategies and the benefits of captives. Industry experts––including Carlo Cosimi of MAIRE S.p.A., Enrico Guarnerio of SRS Italy/Strategica, Marco Terzago of SKF Industrie S.p.A., and Antonio Vianello of Generali Global Corporate & Commercial––conversed on captives in general, highlighting the origins of the captive industry and how it’s currently making its way through European countries. Questions from the audience guided the conversation toward topics such as captives as a unique option for coverage as well as how captives can enact positive change for businesses seeking to create tailored coverage (or those searching for insurance capacities). Many guests discussed the control factor and expressed concerns around designing insurance policies for what they would consider “unusual” risks, such as cyber liability, network liability, and other coverages that traditional insurance might typically avoid.

The second roundtable continued the dialogue regarding captives and their benefits but focused more on Italy as the domicile of choice, while also exploring other domiciles that may prove attractive due to different requirements. SRS Italy was duly represented by Managing Director Lionel Tanner, and the proceedings also included commentary from SRS Switzerland’s Managing Director Ralph Goldener.

“Italy and Switzerland are culturally intermingled and share a common national language. It is therefore no surprise that Switzerland has been historically hosting a number of Italian-owned captives. Looking ahead, the country is expected to continue being a viable option, offering some regulatory differences to the EU’s regime, which may be appealing to Italian corporations evaluating the best-fitting domicile for their captive,” said Goldener following the roundtable, adding, “The quality of the questions asked and the keen interest in seriously addressing the topic were proof that this event was only the beginning of an intensifying dialogue between all stakeholders.”

Luigi Marnetto (Responsabile Gestione Attività Assicurative, Eni S.p.A), Andrea Polizzi (Studio Legale D’Argenio Polizzi e Associati), and Daniela Tornabene (Compliance Officer, SRS Italy) were also part of the expert panel, called upon to help make sense of the new captive legislation from an Italian perspective.

“Given the complexity of the regulatory framework and the relatively new nature of the captive concept in the Italian context, it is essential to rely on qualified professionals who can guide companies through a compliant and informed journey,” said Tornabene of the panel. “Initiatives like this one, which provide access to industry experts, are a valuable opportunity to foster greater understanding and growth of the captive market in Italy.”

There are many advantages to establishing a captive, and although the Italian captive market is still developing, legislation is evolving, allowing businesses to reap more captive benefits on Italian soil. Still, with so many factors to consider regarding domicile selection, some businesses may find it useful to headquarter their captive(s) offshore or in a more well-established domicile. But at the very least, Italy now offers a reason for Italian-operated companies to return home.  

The last roundtable provided a little bit of spin on unleashing the strategic value of captives through alternative risk transfer (ART). On hand was Global Chief Executive Officer of SRS Altitude Loredana Mazzoleni Neglén as well as Marco Adamo, SRS Altitude’s Head of Property and Senior Structurer.

“As global and economic dynamics evolve at unprecedented speed, reevaluating how we manage risks has become a necessity rather than an option,” said Adamo. “The Italian market is entering a new phase, and it’s more important than ever to ensure that corporations have the option to choose captives and alternative risk transfer solutions as tools to strike the right balance between risk retention and transfer.”

Overall, the educational information, conceptual ideas, and passion for establishing captives in Italy were appreciated by everyone in attendance. SRS Italy and Strategica are pleased they could provide this forum within a new domicile option and help inform the public on how it can make captives work for Italian businesses. 

For the Italian Version of this article, please visit ANRA at SRS Italia è aperta al pubblico - ANRA.

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