Reinsurance News
captive insurance
IMAC reports continued strength in Cayman’s captive insurance sector for 2025
22nd January 2026
The Insurance Managers Association of Cayman (IMAC), the representative body for Cayman’s captive insurance and reinsurance sector, has released an update pointing to continued expansion in the jurisdiction, following the Cayman Islands Monetary Authority’s (CIMA) fourth-quarter 2025 licensing figures. IMAC has reported that Cayman’s captive insurance industry maintained a strong upward ... Read the full article
Brenda Stewart to lead AIG’s Captive Management & Advisory team
15th January 2026
Brenda Stewart has been promoted to Head of Captive Management & Advisory at global insurer American International Group (AIG). In her new role, Stewart will be responsible for leading the global captive management, segregated cell and advisory groups within AIG Captive Solutions. She will also oversee client relationship management, new business development, ... Read the full article
European captive insurers show strength and resilience amid global market shifts
13th November 2025
Credit rating agency AM Best reports that Europe’s captive insurance sector continues to demonstrate stability and resilience, even as global economic and geopolitical uncertainties persist. The development of new regulatory frameworks across several European countries is reshaping the regional landscape by encouraging both the creation of new captives and the redomiciling ... Read the full article
WTW launches Captive Fit to optimise captive insurance programmes
23rd October 2025
WTW, an advisory, broking, and solutions company, has announced the launch of Captive Fit, an analytical and strategic service designed to help companies optimise their captive insurance arrangements. The service leverages WTW’s Igloo platform, a risk analytics modelling solution used by more than 1,000 users across 150 property and casualty insurers. WTW ... Read the full article
Ian Davis to lead the Vermont Captive Insurance Association as President
21st August 2025
The Vermont Captive Insurance Association (VCIA), a global captive insurance trade association, has announced the appointment of Ian Davis as its new President. A highly respected leader, Davis brings to his new role over a decade of industry experience in the captive insurance sector. With a diverse background spanning both public and ... Read the full article
US captive insurance firms continue to outpace commercial market peers: AM Best
4th August 2025
According to AM Best, the longstanding factors behind the captive composite’s outperformance of the broader commercial lines market remain intact, namely, effective claims and risk management, strict control over operating costs, and a disciplined, targeted underwriting approach. AM Best noted that rated U.S. captive insurance companies reported another strong year in ... Read the full article
PwC welcomes UK government’s captive insurance regime
16th July 2025
Following the Chancellor of the Exchequer’s announcement regarding the introduction of a UK regime for captive insurance companies, PwC leaders have expressed their support for the new framework. This initiative aims to bolster the UK's position as a global financial hub, with a focus on five key growth opportunities: FinTech, ... Read the full article
Marsh welcomes UK government’s captive insurance regime
16th July 2025
Marsh, an insurance broker and risk advisor within Marsh McLennan, welcomes the UK government’s announcement to facilitate the creation of a UK regime for captive insurance companies, a move aimed at strengthening the UK’s competitiveness in the global insurance market. As a reminder, in November 2024, the UK government launched ... Read the full article
Aon to launch UK-based Captive Management Company as demand anticipated following Chancellor’s speech
15th July 2025
Global insurance and reinsurance broker Aon has announced its plans to launch a UK-based Captive Management Company, a move that comes in anticipation of the new regulations that will allow captives to be domiciled in the UK. This news follows the UK Chancellor of the Exchequer, Rachel Reeves, confirming that the ... Read the full article
Vermont enhances captive insurance regulations to bolster industry leadership
2nd June 2025
Vermont, one of the domiciles for captive insurance companies in the United States, has enacted important updates to its captive insurance laws through the 2025 housekeeping bill, H.137. Signed into law by Governor Phil Scott on May 19, 2025, this legislation reflects Vermont’s ongoing effort to refine its regulatory environment in ... Read the full article
GCM launches new solution to help businesses enter captive insurance space
29th May 2025
Global Captive Management, Ltd. (GCM) has announced the launch of ‘Outcomes SPC’, a new solution that will offer businesses a cost-effective, streamlined way to enter the captive insurance space. This will allow younger, smaller, or more entrepreneurial companies to take control of their coverage needs, and benefit from GCM's extensive industry ... Read the full article
HSBC’s Wayfoong becomes Hong Kong first captive insurer formed by a multinational enterprise
13th May 2025
HSBC Group has received approval from the Insurance Authority (IA) to set up a captive insurance company, Wayfoong (Asia) Limited, in Hong Kong, which has become the first captive insurer established in the city by a multinational enterprise. A captive insurer is designed primarily to cope with the multifarious perils borne by ... Read the full article
Vermont’s captive insurance industry sets new records
22nd January 2025
The Vermont Department of Economic Development (DED) has recently revealed that 2024 marked a record-breaking year for growth, positioning it among the top ten highest growth years since the introduction of captive insurance legislation in 1981. In 2024, Vermont welcomed 41 new captive insurance companies, bringing the total number of licensed ... Read the full article
New domiciles are impacting the landscape of the European captive insurance segment: AM Best
10th December 2024
New European captive domiciles are seeing growth in company formations, including redomicilations from other jurisdictions, according to AM Best. In a new report, the agency reveals that France is leading the way in terms of new captive formations in Europe in 2023 and 2024. In 2023, five new captive licences were ... Read the full article
Proposals to develop a UK captive market will progress in 2025, says DAC Beachcroft
4th December 2024
According to analysts at international insurance law firm, DAC Beachcroft, proposals to develop a UK captive market are expected to progress further in 2025. Analysts noted that the new UK Labour government has signalled that it could be receptive to establishing a UK-domiciled captive regime. "The London Market Group (LMG), with the ... Read the full article
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