The Cayman Islands Monetary Authority (CIMA) has revoked Class B(ii) licence of Progressive Grocers Insurance SPC, Ltd after failing to pay fees, and meet solvency and reporting requirements.

Hong Kong is expected to attract both new captive formations and existing captives currently domiciled overseas as it seeks to strengthen its position as a leading captive hub in Asia, according to Steve Hutchinson, head of corporate risk & broking in Hong Kong & Macau at WTW.  

SRS Altitude, the managing general underwriter (MGU) specialising in providing alternative risk transfer solutions to corporate clients and captives, has been approved as a Lloyd's Coverholder.

Richard is joined by Mat Robinson, Senior Managing Director and Captive Operations Leader, and Matt Gravelin, Managing Director in Consulting at Brown & Brown, to discuss how organisations can hone their captive strategy and achieve strong internal buy-in from across the group.

Skuld Norway’s Bermuda-domiciled captive, Skuld Mutual Protection and Indemnity Association (Skuld Bermuda), was established nearly five decades ago as a contingency against geopolitical disruption.

As part of the relaunch, I–RE has increased its commercial property primary limit to $20m and its general liability limit to $5m and added a new excess facility for both lines up to required limits. 

The captive began writing business in 2023 as a special purpose insurer, providing contractual liability insurance for the decommissioning of oil and gas wells and facilities owned by its parent company, OneNexus LLC.

Grady Marshall brings 16 years of brokerage and captive experience spanning single parent, group, and cell structures.