The initial reaction to the first proposals for a UK captive regime has been positive from industry experts, although further clarification is already requested in areas such as tax, employee benefits and re-domiciliation procedures.
The captive will be available to cannabis operators in 24 states plus Washington DC where both medical and recreational cannabis use are legal, as well as in an additional 16 states where cannabis is legal for medical use only.
The Prudential Regulation Authority has outlined its draft regulations for captive insurers in the United Kingdom, including a new “proportionate and tailored” solvency regime outside of Solvency UK.
Mercer Marsh Benefits has appointed Arnau Vila Llavina as its new multinational leader, focusing on expanding global capabilities and deepening insurer and network partnerships.
In this GCP Short, produced in partnership with the Insurance Managers Association of Cayman, we focus on the booming group captive business and the domicile’s very established specialism in this area.
Embedded insurance could become the next stage in the growth of Hyatt Hotels' captive as the company looks to expand beyond traditional risk financing and deliver new sources of value for the parent group.
In this GCP Short, produced in partnership with the Insurance Managers Association of Cayman, we focus on the booming group captive business and the domicile’s very established specialism in this area.
In this Captive Owner Spotlight episode we feature the CICA 2026 Outstanding Captive Award winner - Xenia Assurance Company, Inc, owned by Hyatt Hotels Corporation.