Cell Captive Regulation to Be Reviewed in New Zealand Consultation
The Reserve Bank of New Zealand has opened a public consultation on its Insurance (Prudential Supervision) Amendment Bill, which includes multi‑cell captive insurers in its scope. The bill aims to modernise New Zealand’s insurance prudential framework and bring it closer to international best practice. By updating licensing, capital and governance rules, the RBNZ seeks to make the market more flexible for captive structures. The consultation runs through the next quarter, inviting comments from industry participants and regulators.
Vermont Captive Sues Reinsurers over Claims Linked to Church-Affiliated Entities
Gencon Insurance Company of Vermont, a captive insurer for Seventh‑day Adventist Church affiliates, has filed a lawsuit against its reinsurers, AIG’s Lexington Insurance Company and Swiss Re’s Westport Insurance Corporation. The complaint alleges breach of contract and violation of the...
Beyond Risk Launches Unified Health Benefits Funding Platform
Beyond Risk has introduced Beyond Health Partners, a unified health benefits funding platform that consolidates its stop‑loss, captive and cost‑containment businesses. The new platform integrates SL Management Partners, Captive Solutions & Options, and the Beyond Health captive team under one...
Alabama Raises Captive Surplus Requirements, Introduces GAAP Reporting
Alabama Governor Kay Ivey signed House Bill 415 on April 15, raising surplus requirements for most captive insurers, mandating GAAP financial reporting, and requiring notification of material business‑plan changes. The legislation follows a September 2025 moratorium that halts new captive...
US Court Strikes Down IRS 831(b) Listed Transactions Designation
A U.S. district court in Texas partially struck down IRS regulations governing 831(b) micro‑captive transactions. While the court affirmed the IRS’s designation of these captives as “transactions of interest,” it ruled the agency did not substantiate a presumption that they...
Renewable Energy Transition Driving Strategic Shift in Captive Use
Renewable energy projects are outpacing traditional insurance and financing models, prompting firms to adopt captive insurers as strategic platforms. Captives are being leveraged not only for risk financing but also to optimise capital, absorb early‑stage project risk, and increase commercial...
Web Domain Giant Forms Cayman Islands Captive
GoDaddy, one of the world’s leading web‑hosting firms, has established a captive insurance subsidiary in the Cayman Islands. The entity, GoDaddy Captive Cayman Islands Ltd, was added to the Cayman Islands Monetary Authority register and received a Class B licence on...
Oklahoma Advancing Bill Allowing Captive Conversions
Oklahoma lawmakers are moving forward with House Bill 2955, which would let owners of captive insurance cells convert those cells into a variety of standalone captive structures. The bill requires prior written approval from state regulators before any conversion can...
Future Energy Finance
Captive Intelligence, together with AXA XL and Aon, released a technical report examining how the global shift to low‑carbon energy creates new opportunities for captive insurers. The paper highlights accelerating solar and wind deployment, aging grid constraints, and the surge...
AM Best Upgrades Rating of Fidelity Investments Captive
AM Best has upgraded the financial strength rating of Fidelity Investments’ captive, Fidvest US LLC, to A (excellent) from A‑ (excellent) and raised its long‑term issuer credit rating to “a” from “a‑”. The rating outlook was also revised to stable, down...
Pine Walk Launches Bermuda-Headquartered Mezura Capital Partners
Pine Walk Capital, the MGA platform of The Fidelis Partnership, has introduced Mezura Capital Partners, a Bermuda‑based capital solutions firm. The new entity joins Pine Walk’s recent launch of Carnovis Specialty, an alternative risk transfer MGA led by former Allianz...
The Rise of Home-State Domiciling in the US Captive Market
The captive insurance market is seeing a surge in U.S. companies locating their captives in the same state as their parent firm, moving away from traditional offshore hubs like Bermuda and onshore favorites such as Vermont. This shift is propelled...
Maryland Legislators Consider State Registry for Captives
Maryland lawmakers are moving a bill that would compel the Maryland Insurance Administration to conduct a comprehensive study of captive insurance entities operating in the state. The study could pave the way for a formal state registry of captives, mirroring...
China Captive Activity Driven by Economic Conditions, Global Expansion
Chinese companies are accelerating the creation of captive insurers as macroeconomic headwinds and a push for global expansion reshape risk strategies, according to Ludan Wang of Datong International. Historically, China lagged behind regional Asian peers and far behind the United...
ACM’s SportGuard Programme to Be Utilised Across Array of Sports
Alliance Captive Management (ACM) has launched its SportGuard programme, initially built for equestrian events, with a strategic plan to extend it across a broad spectrum of sporting venues. The captive‑backed solution offers a streamlined approach to managing participant accident exposure,...
Ci DataHub: New Sponsored Captive Among Utah’s Latest Additions
Utah’s regulator approved two new captives in March—Whitecap Assurance, LLC on March 3 and Cassandra Assurance, Inc. on March 24—bringing the state’s 2024 total to six formations. The approvals include Utah’s first licensed cell company, expanding the market’s structural options. Utah’s favorable...
Vermont Passes House Bill 649 Impacting RRG Investments and Cell Funding
Vermont Governor Phil Scott signed House Bill 649, a statewide captive insurance update that bars risk retention groups (RRGs) from extending loans or making investments in their member‑owners or affiliates. The law also mandates quarterly financial statement filings for RRGs,...
Alberta Captive Market Continues to Flourish with Foreign Interest Set to Rise
Since Alberta introduced its captive statute in July 2022, the province has attracted 29 captive insurers, outpacing British Columbia and drawing increasing foreign interest. Legal and insurance experts say Alberta’s G7 status, diversified trade strategy, and flexible partnership‑based framework position...
Louisiana to Modernise Captive Laws, Targets Captives Insuring Commercial Trucking
Louisiana lawmakers have introduced three bills aimed at modernizing the state’s captive insurance framework, with a particular focus on entities that underwrite commercial trucking risks. House Bills 936 and 904 would tighten capital requirements, impose stricter governance standards, and broaden...
Architects’ Mutual the Wren to Shut Down Due to High Number of Cladding Claims
The Wren Insurance Association Limited, a mutual insurer that provides professional indemnity coverage for architects, will cease writing new business on 1 July 2026. The decision follows a surge in cladding‑related claims that have strained the mutual’s capacity. Wren remains...
China Can Become Golden Area for Captive Opportunity – Yves Betz
China’s rapidly expanding multinational corporations are creating a fertile market for captive insurance structures, with Hong Kong positioned as the regional hub. Yves Betz, head of AXA XL Multinational Solutions, highlighted this emerging opportunity in an exclusive Global Captive Podcast...
Hawaii Introduces Senate Bill 2950, Allows Captives to Write Catastrophic Risk
Hawaii Senate Bill 2950 authorizes captive insurers to write catastrophic property and casualty risks, provided they obtain approval and remain under the ongoing supervision of the state insurance commissioner. The legislation defines catastrophic risk as exposures that could generate severe,...
Ci DataHub: South African, Malaysian Companies Form Mauritius Captives
Mauritius Financial Services Commission licensed two new pure captive insurers in December, doubling the jurisdiction’s non‑PCC captive count. One of the new entities, Master Drilling Captive, Ltd., received approval on 22 December 2025. The additions were driven by South African and Malaysian...
Cayman’s Framework and Stability Key to Japanese Multinational’s Re-Domiciliation – SRS’ Jenny Pooley
Japanese conglomerate Itochu Corporation decided to re‑domicile its Bermuda captive to the Cayman Islands. The move was driven by the Cayman Islands Monetary Authority’s robust regulatory framework and the jurisdiction’s political and economic stability. The new captive, named GUNA Re,...
MAXIS GBN Partners with Klarity and Workplace Options
MAXIS Global Benefits Network (MAXIS GBN) announced partnerships with Klarity and Workplace Options, adding them to its wellness technology marketplace. The marketplace offers multinational employers a suite of global wellness solutions, now expanded with Klarity’s mental‑health platform and Workplace Options’...
New KeyState PCC Was From Broker-Driven Demand
KeyState has created a District of Columbia‑domiciled captive insurance entity, KeyState PCC LLC, aimed at mid‑sized firms exploring captive structures for the first time. The move responds to strong broker‑driven demand and comes with a pipeline of ready‑to‑use candidates. Founded...
Piko AI Appoints Steven McElhiney Vice Chairman, Chief Commercial Officer
Piko AI announced the appointment of Steven McElhiney as vice chairman and chief commercial officer. McElhiney will steer the firm’s strategy and industry engagement initiatives. The company combines artificial intelligence and blockchain to tackle inefficiencies and unstructured data challenges in...
Harriet Taylor Appointed ZGEBS Head
Zurich has named Harriet Taylor as head of its Global Employee Benefits Solutions (ZGEBS) unit, succeeding Arnau Vila Llavina who has left the firm. Taylor brings more than two decades of experience at Zurich, spanning global proposition development and underwriting....
Captive Management Proving “Fertile Ground” For GuideFire
GuideFire, a Kansas City‑based firm, launched its captive advisory, management, development, formation and feasibility services in January. Although initially hesitant to expand into captive management, the division has quickly become a revenue driver. President Jesse Olsen describes the management side...
Industrial Waste Firm Granted Latest French Captive Licence
The French Prudential Supervision and Resolution Authority (ACPR) granted a captive reinsurance licence to CapQuartz, a subsidiary of industrial‑waste specialist CHIMIREC Group, on 18 March. The licence expands CapQuartz’s ability to underwrite its own risks and those of related entities. This...
Health Insurance Company Forms Cayman SPC
A Florida‑based health insurer established Fortex Reinsurance SPC, Ltd., a Cayman‑registered Segregated Portfolio Company in March. The SPC received a Class B captive licence from the Cayman Islands Monetary Authority, joining Gamma Reinsurance Company, Ltd. and Gunna Re as the three...
Iowa Captive Regime Focusing on Quality over Quantity
Iowa entered the U.S. captive insurance arena in 2023, becoming the 36th jurisdiction to enact captive legislation. Jeff Wilson, the state’s captive insurance director, says the new regime will prioritize quality over sheer volume of captives. The approach emphasizes rigorous...
Tennessee Captive Premium Doubles in 2025
The Tennessee Department of Commerce & Insurance licensed five new captives and 50 new cells in 2025, pushing the state's captive portfolio to 184 captives and 703 cells. Captive premiums surged to $4.2 billion, exactly double the $2.1 billion recorded in 2024....
MSL Market Analysis: Claims and Premium Trends
Medical stop‑loss (MSL) insurers are facing unprecedented claim frequency and severity, driving a sharp rise in large‑claim payouts. Between 2023 and 2025, claims over $250,000 grew 70%‑115% across thresholds, with dollars for $1 million+ claims up more than 200%. Carriers responded...
Generali CARE Hires Wendy Liu as CEO Global Benefits and Partnerships
Generali CARE announced the appointment of Wendy Liu as CEO of Global Benefits and Partnerships. In her new role, Liu will oversee the employee benefits division led by Ludovic Bayard and the insurance‑distribution partnerships unit headed by David Cadoux. She...
AM Best Affirms Rating of Vertex Pharmaceuticals Captive
AM Best has affirmed the financial strength rating of A (excellent) and the long‑term issuer credit rating of “a” (excellent) for Torreyana Insurance Company, the captive insurer wholly owned by Vertex Pharmaceuticals. The ratings carry a stable outlook, indicating continued creditworthiness....
MedImpact Acquires SRS Benefit Partners and MSL Captive Solutions
MedImpact Holdings announced the acquisition of MHW Benefit Partners (formerly SRS Benefit Partners) and MSL Captive Solutions, firms that specialize in alternative risk financing and captive insurance for medical stop‑loss and employee‑benefit programs. The deal expands MedImpact’s service suite beyond...
AM Best Downgrades Rating of Petronas Captive
AM Best has reduced the financial strength rating of Labuan‑domiciled Energas Insurance (L) Limited, the captive insurer for Petronas, from A to A‑. The agency also lowered the long‑term issuer credit rating from a to a‑. While the rating downgrade...
DSLD Homes Ready to Utilise Captive Higher up Its General Liability Tower
DSLD Homes, a leading privately‑held home builder in the Gulf South, is evaluating the use of its South Carolina‑domiciled captive insurance company at a higher tier within its general liability insurance tower. The move would shift more liability exposure onto...
OpIngen Launched to Address “Fundamental Gap” In the Market
Reinsurance specialist Jireh and Strategic Risk Solutions (SRS) introduced OpIngen in December 2023 to fill a perceived “fundamental gap” across reinsurance, insurance‑linked securities (ILS), and captive markets. The platform is positioned as a next‑generation operations service that merges proprietary technology,...
Construction Liability – The Captive Opportunity
Captive Intelligence and Captives.Insure released a technical report highlighting the growing strain in the U.S. construction liability market, especially for residential projects. Tightening capacity, rising excess rates, and aggressive plaintiff‑friendly litigation are driving insurers to impose higher retentions and narrower...
AM Best Assigns “Fair” Rating to Protect Insurance PCC
AM Best has assigned Protect Insurance PCC, a Gibraltar‑domiciled captive, a financial strength rating of B (fair) and a long‑term issuer credit rating of bb+ (fair), both with stable outlooks. The company operates as an unincorporated cell company with a...
HDI Has Promoted Gerrie Piette to Manager Captives
HDI Global SE announced the promotion of Gerrie Piette to Manager Captives. Piette, based in Brussels, previously served as senior casualty underwriter and account manager for captives. The new role expands his responsibilities overseeing HDI's captive insurance operations. The move...
EY’s New Captive Leaders Confirmed
EY has appointed Andrew Christie and Brad Schock as co‑leaders of its global captive insurance practice, while Jim Bulkowski will oversee risk management and insurance M&A. The restructuring aims to strengthen EY's service offering for captive insurers and broaden its...
China National Nuclear Corporation Forms Hong Kong Captive
China National Nuclear Corporation (CNNC), the state‑owned operator of China’s civilian and military nuclear programmes, has secured authorization from the Hong Kong Insurance Authority to establish CNNC Captive Insurance Limited. The new captive insurer will be domiciled in Hong Kong,...
Captive Formations Accelerating Globally, Notably Rising for New Zealand and South American Firms – GILC
The 2026 Global Insurance Law Connect (GILC) report shows a sharp acceleration in captive insurance formations worldwide, driven by rising premiums and tightening capacity in the broader market. Growth is especially pronounced in New Zealand and across South American jurisdictions, where...
Howden US Hires Philip Stack as Managing Director, Alternative Risk & Captives
Howden US announced the appointment of Philip Stack as managing director of its Alternative Risk & Captives division. Stack will guide clients on structuring insurance programs and deploying alternative risk transfer tools such as captives, multi‑year structures, parametric solutions, and...
Oklahoma Adds 14 New Captives in 2025
The Oklahoma Insurance Department licensed 14 new captive insurers in 2025, while four existing captives were dissolved, delivering a net gain of ten captives for the state. Among the new formations are HK Captive, backed by The Hanor Company of...
FCA Targets Q3 for Captive Rules Consultation
The Financial Conduct Authority and the Prudential Regulation Authority will launch a joint consultation in the third quarter of 2026 on a new regulatory framework for captive insurers, with the rules expected to take effect in 2027. The timetable was...
Florida Set to Allow PCC Formations
Florida Senate Bill 990 authorizes protected cell companies (PCCs), expanding the state’s captive insurance framework. The bill outlines governance, formation, capitalization, operation, and regulatory oversight requirements. PCCs will allow multiple segregated risk cells under one legal entity, aligning Florida with...