Alonso Tello Promoted to Regional Director, Single-Parent Captives, Americas at AXA XL
AXA XL has promoted Alonso Tello to regional director for single‑parent captives in the Americas. The move follows the January launch of AXA XL’s alternative risk solutions (ARS) team, led by Sylvain Bouteillé. Tello will oversee growth and underwriting of single‑parent captive programs across North and South America. The appointment signals AXA XL’s commitment to expanding its captive insurance platform.
Mondi Becomes Latest FTSE 100 Firm to Form Guernsey Captive
UK‑based packaging giant Mondi plc has established a single‑parent captive insurance company in Guernsey, completing the launch at the end of 2025. The move follows a growing trend among FTSE 100 companies to use offshore captives for risk retention and capital...
AM Best Affirms Rating of Sony Captive
AM Best has reaffirmed the financial strength rating of A (excellent) and the long‑term issuer credit rating of a+ (excellent) for PMG Assurance, the Bermuda‑based captive of Sony Group. The ratings carry a stable outlook, underscoring the captive’s robust capital...
AM Revises Outlook for State Street Captive
AM Best upgraded the outlook for State Street’s captive insurer, Federated Underwriting Company, from stable to positive. The agency also reaffirmed the captive’s financial strength rating at A‑ (excellent) and its long‑term issuer credit rating at a‑ (excellent). Federated Underwriting...
INTX Selected by Xitus as Core Insurance Operating System
Texas‑based INTX Insurance Software has been chosen by Xitus to serve as its core insurance operating system for global run‑off, loss‑portfolio transfer (LPT), insurance‑backed transaction (IBT) and captive reinsurance activities across its Bermuda, UK and Europe subsidiaries. The selection covers...
Gallagher Appoints Hassan Ashtari as Senior Executive Officer of Abu Dhabi ARM Offering
Gallagher has appointed Hassan Ashtari as senior executive officer of its joint venture with Artex, delivering alternative risk management (ARM) solutions in the Abu Dhabi Global Market. Ashtari will spearhead the expansion of the ARM offering, cultivate key client relationships,...
Domicile Wars: Isle of Man Latest Insurance Regs to Boost Domicile’s Competitive Edge
The Isle of Man released its 2025 insurance regulations on June 30, streamlining the licensing of captive and other insurance vehicles. The amendments give insurers greater flexibility to design innovative products while reducing administrative burdens. A proactive regulator and an...
Aon Appoints Joe Peiser as CEO of Risk Capital
Aon has named Joe Peiser as CEO of its Risk Capital division, where he will oversee the firm’s commercial risk and reinsurance capital capabilities. The role places him at the nexus of solution‑line, regional, and Aon Business Services teams to...
French Gov: Resilience Reserve Created “Unprecedented Wave” Of Reinsurance Captives
France’s 2023 resilience reserve has sparked an unprecedented wave of reinsurance captives, now underwriting more than €200 million in gross premiums. The government’s provision mirrors Luxembourg’s successful equalisation model but offers slightly less generous terms, creating a tax‑efficient, regulated pathway for...
SAIC Motor Captive Partners Lockton
SAIC Motor Insurance Co., the captive insurer of China’s largest automaker, has signed a strategic partnership with global insurance broker Lockton. The collaboration aims to accelerate the internationalization of the SAIC Motor brand and deepen cooperation in risk management, insurance...
Generali’s EB Network Agrees Swiss Life Network Acquisition
Generali Group and Swiss Life Global Solutions have sealed a long‑term commercial partnership that includes Generali Employee Benefits (GEB) Network’s acquisition of Swiss Life Network. The combined entity will manage over €3 billion in employee‑benefits premiums, positioning it as the world’s...
Delaware Leads Q4 Captive Formations, but Global Numbers Decrease
The fourth quarter of 2025 saw a net decline in the global captive insurance market, with 85 new licences issued against 139 revocations, resulting in a loss of 54 active captives. Delaware remained the top U.S. domicile, adding 14 new...