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. 

Jonathan Edwards, Partner and Head of Insurance and Risk at HCR Law, provides an assessment of the July 2026 consultation papers and their implications for corporate Britain, traditional insurance programmes and insurers.

Michael Parrish joins Aon with more than 30 years of experience across captive insurance, alternative risk financing, risk management and insurance consulting.

As companies grapple with geopolitical uncertainty, they are increasingly looking to captives to help manage and finance the risks arising from a more volatile environment. 

The Prudential Regulation Authority’s (PRA) proposal to allow UK captives to insure owner-controlled insurance programmes (OCIPs) could boost the appeal of its pending captive regime among companies involved in major infrastructure projects.