Is 831(b) Ruling One of the US Captive Industry’s Biggest Wins?
The U.S. District Court in Texas partially struck down IRS regulations governing 831(b) captive insurance elections, marking a notable judicial pushback. While the decision may embolden more businesses to explore 831(b) structures, the IRS retains broad audit authority and has signaled intent to appeal. Industry observers are divided, with some hailing the ruling as a major win and others cautioning that practical effects could be limited. The outcome will shape how captives balance tax benefits against regulatory risk.
UK to Expand PCCs as Part of Captive Framework
HM Treasury announced plans to introduce legislation that will permit protected cell companies (PCCs) to underwrite insurance contracts in the United Kingdom. The move is part of a broader strategy to build a domestic captive insurance framework that can compete...
Hawaii to Introduce SB 2043 Refining Captive Examinations
Hawaii is poised to overhaul its captive insurance oversight with Senate Bill 2043. The bill requires all captives, except risk‑retention groups, to undergo an initial regulatory examination within five years of receiving a license. This marks a shift from the...
Marsh Risk to Launch Captive Companion Solution
Marsh Risk is launching Captive Companion, a new solution that gives captive insurers real‑time financial metrics, automated reporting, and benchmarking analytics. The platform is part of the broader Risk Companion suite, which also includes the Renewal Companion offering. The debut...
Asta Hires Nylesh Shah as Independent Non-Executive Director
Asta, a third‑party Lloyd’s managing agent, appointed Nylesh Shah as an independent non‑executive director effective 1 June 2026. Shah arrives from the Prudential Regulation Authority, where he played a key role in designing the UK’s upcoming captive insurance regime. His regulatory background...
Jeff Bray Named RIMS Risk Manager of the Year
Jeff Bray, senior vice president and head of global risk management at Prologis, has been honored as the Risk Manager of the Year by the Risk and Insurance Management Society (RIMS). The award recognizes his leadership in overseeing a complex...
Columbian Banking Firm Forms Bermuda’s First Captive of 2026
Colombian banking group Rojo Re Ltd secured Bermuda’s first captive insurance licence of 2026, receiving a Class 3 license from the Bermuda Monetary Authority on March 31. The captive will operate under Bermuda’s well‑established regulatory framework, giving the bank a local vehicle...
Cayman Licences 13 New Captives in Q1
The Cayman Islands Monetary Authority (CIMA) issued 13 new captive licences in Q1 2026, including six Class B(i) and seven Class B(iii) captives, and also approved four portfolio insurance companies (PICs). The licences reflect continued demand for Cayman’s flexible, tax‑neutral captive structures. CIMA’s...
SRS Altitude’s Stepform Produces “Easy Way In” For Captive Formations
SRS Altitude has introduced Stepform, a captive reinsurance solution that supplies the initial capital needed to launch a new captive insurer. The product addresses the common regulatory hurdle of meeting minimum capital requirements from day one. By structuring the capital...
Ashleigh Sears to Lead Lockton Alternative Risk Solutions Practice
Lockton has named Ashleigh Sears to head its alternative risk solutions practice, which includes captive consulting, structured risk solutions, and fronting arrangements. Sears joins from Everest, where she served as head of alternative risk, and brings prior senior experience at...
Rob Brown Joins Howden Markets to Head Employee Benefits
Howden Markets has appointed Rob Brown as head of employee benefits, bolstering its offering. Brown joins from Zurich, where he led corporate life & pensions in the Middle East and managed global employee benefits solutions. His experience spans network partner...
Blackwell Captive Solutions Launches Group Stop Loss Captives for Cannabis Industry
Blackwell Captive Solutions has launched a homogeneous group medical stop‑loss captive tailored for cannabis growers and operators. The new structure pools risk across participating firms, aiming to curb the historically high insurance premiums that have plagued the sector. While cannabis...
Shorthand Test
The CEO’s address outlines a long‑term vision, strategic objectives, and core values that will guide the organization into the next fiscal year. The company celebrates recent milestones, including exceeding sales targets and rolling out new products, while emphasizing the transformative...
AXA XL Appoints Global Chief Underwriting Officer for Structured Risk Solutions
AXA XL has promoted Jiten Halai to global chief underwriting officer for its Structured Risk Solutions unit. In this role, Halai will steer the development of non‑traditional insurance products aimed at corporate clients and captive insurers. The appointment underscores AXA...
Texas Appoints New Captive Insurance Specialist
The Texas Department of Insurance has hired Andrew Norton as a captive insurance specialist to bolster oversight of the state’s expanding captive market. Texas now hosts 102 active captive insurers and has issued five new licences in 2026. Norton's appointment...