About the FSM CIC
The FSM Captive Insurance Council was formed in 2009 by companies with a vested interest in the growth and development of the Federated State of Micronesia (FSM) as a viable captive insurance domicile. With over twenty Japanese-owned captive insurance companies either licensed or approved to be licensed, the FSM has become the preeminent captive insurance domicile for Japan-based companies.
The Congress of the Federated States of Micronesia enacted legislature in 2006 that allowed for the creation and operation of captive insurance companies in this country. The FSM captive insurance domicile was designed to appeal to Japan-based corporations through statutes that offer favorable tax rates and flexibility in selecting reporting currency, accounting standards and service providers.
For more information regarding statutes and regulations, please visit:
Directors of FSM Captive Insurance Council:
- David Angyal (of Altitude Legal LLC)
- Ieske Iehsi (of MIMC)
- Shinichi Kandatsu (of Aon Japan)
- Eisuke Kawano (of Foresight Risk Management Japan)
- Kembo Mida (of Ramp & Mida)
- Sotaro Misawa (of Alakai Global Inc.)
- Jim Moonier (of MRA)
- Ken Motoda (of Allianz Japan)
- Ross Murakam i(of KMH CP As)
- Tony Schmidt (of Pacific Solutions)
- Scot Sterenberg (of Marsh Management Services Inc.)
- Eiji Tajima (of Marsh Broker Japan, Inc.)
- Kazunori Takei (of Sapphire MCC)
- Ken Yoshizaki (of Blue Ocean)