Malta-domiciled Norfolk Re Europe Cell is a cell of the WTW-owned Lime Street PCC structure and was licensed on 2 July.

The expanded captive offering will be led by Jordan Mosher as head of captive insurance banking, with Joe McDonald supporting the continued development and delivery of the bank’s captive solutions.

For captive owners, structured risk solutions (SRS) can provide greater certainty by moving away from annual renewals and towards a multi-year approach, according to AXA XL’s Joe Filby and James Donald, of Lockton who discussed the subject on a recent episode of the Global Captive Podcast. 

Sigurd is a captive reinsurer of Italian oil company Saipem and a key element of the Saipem group’s risk management framework.

Catastrophe bonds can provide corporates with an alternative source of capacity for catastrophe risks, with captives serving as the vehicle to transform those risks into the capital markets. 

Piko Re will be led by Steve McElhiney, vice chairman and chief commercial officer, reinsurance, who joined the firm in March.

The regulators were speaking to Captive Intelligence in an exclusive interview for the Global Captive Podcast where they spoke publicly for the first time since its outlined its draft regulations on 14 July.

Richard is joined by the insurance regulators currently consulting on and implementing the United Kingdom's first captive insurance regulatory regime.