Thomas McMahon, EVP of Davies Captive Management Bermuda, has been awarded the 2026 Fred Reiss Lifetime Achievement Award, recognising his contribution to Bermuda's captive insurance industry and his decades of service to the captive community both locally and internationally.

Pinnacle Actuarial Resources, Inc has acquired Bermuda-based Ordinance Holdings Limited and the renewal rights for clients of Canadian firm Grape Bay Actuarial Consulting Inc, effective 30 June.

Lloyds Corporate & Institutional has appointed Daniel Sims as its director and head of captive insurance.

Former Texas Department of Insurance (TDI) captive specialist Robert Rudnai launched captive management firm Captive Compliance to support captives with state regulatory compliance and examination preparation. 

Chris Giuffre has been promoted to president of USQRisk, a managing general underwriter within Ryan Alternative Risk.

Specialty insurer Beazley has appointed Stefan Wunderlich its head of alternative risk transfer (ART), with the new role carried out alongside his current one as head of parametric.

Martisus has more than 22 years of experience in captive solutions, working with clients in all major US domiciles as well as in the Cayman Islands and Bermuda.

A Chinese internet technology company, best known for developing TikTok, has formed a pure captive in Hawaii.