Erin Hackett has joined Hyland Global Captive Solutions as an account executive, having previously worked as an auditor with Crowe. Hackett worked for Crowe in Burlington, Vermont from 2015 to 2021, finishing as an audit senior manager before joining Vermont Mutual Insurance Group as controller.

Hylant has promoted Dawn Dinardo and Amit Hapani to managing director of captive management operations and director of India operations, respectively.

The number of captives writing cyber coverage in their programmes is “emerging as a trend”, according to Fred Eslami, associate director, alternative risk transfer and cyber security leader at ratings agency, AM Best.

This GCP Short, produced in partnership with We Are Guernsey and the Guernsey International Insurance Association (GIIA), shares another story of a new captive owner and the rationale behind its risk financing strategy.

AM Best has affirmed the financial strength rating of A- (Excellent) and the long-term issuer credit rating of “a-” (Excellent) of Bermuda-domiciled Maxseguros EPM Ltd. The outlook for the ratings is stable.

New York and Ohio-based Authentic, an insurance platform targeting vertical software as a service (SaaS) companies, franchises, and other groups with its Captive in a Box solution and raised $5.5m in a seed round.

Singapore is experiencing “significant captive growth” from Asian parented companies, as the region sees an uptick in captive formations.

Airmic CEO Julia Graham believes the United Kingdom could offer a “unique proposition” for captives if a “proportionate and fit-for-purpose” regulatory environment is developed with long term commitment from the government.