CIMA has also stated that a further 17 licences applications are currently under review.

RiverStone International has signed a second loss portfolio transfer reinsurance agreement with Hawaii-domiciled Pacific Valley Insurance Company.  Pacific Valley is a captive owned by California-headquartered ridesharing company Lyft.   According to Ci Datahub, the captive as was formed in 2013 and is...

Prism is the single-parent captive insurance company of Apogee, one of the largest architectural design and construction companies in the United States.

AXA XL has appointed Grace Xu as a senior underwriter for captives within in the alternative risk solutions team for the Americas.

Davinder Panesar will relocate from London to Singapore to take up the position of alternative risk transfer (ART) leader for Allianz Commercial in Asia Pacific.

Industry stakeholders have broadly welcomed the UK's proposed captive regime, describing it as an important step towards a competitive international domicile while identifying re-domiciliation, tax clarity and additional captive structures as the next priorities.

Captive management and risk consulting firm Helio Risk has added three new members to its team.

When the PRA and FCA published their consultation for a tailored UK captive insurance regime, the headline news was universally welcomed. However, the PRA’s supporting guidelines includes a critical caveat.