Captive formations accelerating globally, notably rising for New Zealand and South American firms

Rising premiums and tightening capacity in the global insurance market are driving a sharp increase in captive formations worldwide, according to the 2026 Global Insurance Law Connect (GILC) captives report.

The latest GILC report draws upon insights from member law firms across 20 jurisdictions.

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Captive formations accelerating globally, notably rising for New Zealand and South American firms – GILC