Howden said the launch broadens its EB proposition for Swedish corporate clients and enhances its global employee benefits and pensions advisory practice.

A further 11 applications are currently under review.

Richard is joined by Peter Carter, Head of Captive & Insurance Management Solutions and Head of the Climate Practice at ⁠WTW⁠.

Several near-term priorities were identified, including the development of a coordinated industry proposition promoting Ireland’s captive expertise and the need for greater clarity around improved authorisation timelines. 

As traditional insurers grapple with the scale, concentration and complexity of these risks, captives could provide an additional tool for data centre operators looking to retain and finance exposures that are becoming harder to place in the commercial market. 

Industry stakeholders have welcomed the UK’s proposals since the draft regulations were revealed, describing it as an important step towards a competitive international domicile.

Marsh Nexus, the employee benefits cell solution launched earlier this year, is lowering the barrier to entry for multinational employers looking to finance EB through a captive structure.

Ian Podmore has joined KeyState as vice president, captive solutions, bringing more than 40 years of experience across insurance, captive consulting, underwriting and compliance.