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Acrisure Re integrates capital and captives division 

Acrisure Re, the reinsurance division of global fintech Acrisure, has integrated Acrisure’s Capital and Captives division, bringing around 275 specialists across North America and Bermuda into a single platform. 

The firm’s Capital and Captives division is led by Seth Denson, head of captives, reporting to Simon Hedley, Global CEO of Acrisure Re. 

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Captive Intelligence provides high-value information, industry analysis, exclusive interviews and business intelligence tools to professionals in the captive insurance market.

Rob Brown joins Howden Markets to head employee benefits

Howden is strengthening its employee benefits proposition and has appointed Rob Brown as head of employee benefits for Howden Markets.

Brown, formerly of Zurich where he held multiple roles, most recently as head of corporate life & pensions business at Zurich Middle East. Before that, he was head of network partner manager for Global Employee Benefits Solutions (ZGEBS).

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Captive Intelligence provides high-value information, industry analysis, exclusive interviews and business intelligence tools to professionals in the captive insurance market.

Blackwell Captive Solutions launches group stop loss captives for cannabis industry 

Blackwell Captive Solutions has created a homogenous group medical stop loss captive for cannabis operators and growers. 

Historically, cannabis businesses have been paying substantially more for insurance than other industries, though the pricing has started to come down in recent years.

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Captive Intelligence provides high-value information, industry analysis, exclusive interviews and business intelligence tools to professionals in the captive insurance market.

AXA XL appoints global chief underwriting officer for structured risk solutions

Jiten Halai has been promoted to global chief underwriting officer for structured risk solutions at AXA XL.

Halai will develop the insurer’s non-traditional insurance solutions for corporate clients and captives.

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Captive Intelligence provides high-value information, industry analysis, exclusive interviews and business intelligence tools to professionals in the captive insurance market.

#133: CICA and Association Leaders Debate

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Dan Towle, CICA
Franck Baron, IFRIMA
Udo Kappes, ECIROA
Julia Graham

In episode 133 of the Global Captive Podcast, supported by the ⁠EY Global Captive Network⁠, Richard brings listeners two conversations recorded at the ⁠CICA⁠ International Conference that took place from 8 – 10 March in Desert Spring, California.

Dan Towle, President of CICA, was speaking on the eve of the conference and shares what is in store for delegates and some of the key priorities for the Association.

We then hear from three more senior leaders, who join Richard and Dan, to share broader perspectives from around the world on the areas of common challenge and opportunities across regions and where we could see more collaboration between associations.

The three additional guests are Udo Kappes, Chairman of the European Captive Insurance and Reinsurance Association (ECIROA), Franck Baron, Chairman of the Pan Asian Risk and Insurance Management Association (PARIMA) and President of the International Federation of Risk and Insurance Management Associations (IFRIMA), and Julia Graham, who at the time ofrecording was the outgoing CEO of Airmic, the UK’s risk and insurance management association and formally left her role at the end of March.

For the latest news, data-driven analysis and thought leadership on the global captive market, visit ⁠⁠Captive Intelligence⁠⁠ and sign up to our ⁠⁠twice-weekly newsletter⁠⁠.

Texas appoints new captive insurance specialist

The Texas Department of Insurance (TDI) has hired Andrew Norton as captive insurance specialist to support the regulatory oversight of the state’s growing captive insurance market.

According to Ci DataHub, Texas is now home to 102 active captives and has already issued five new licences in 2026.

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Captive Intelligence provides high-value information, industry analysis, exclusive interviews and business intelligence tools to professionals in the captive insurance market.

Cell captive regulation to be reviewed in New Zealand consultation

The Reserve Bank of New Zealand (RBNZ) has begun a consultation on insurance prudential legislation, with multi-cell captives included in the scope.

The Insurance (Prudential Supervision) Amendment Bill aims to modernise insurance regulation in New Zealand and bring it closer to international practice.

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Captive Intelligence provides high-value information, industry analysis, exclusive interviews and business intelligence tools to professionals in the captive insurance market.

Vermont captive sues reinsurers over claims linked to church-affiliated entities 

Gencon Insurance Company of Vermont, a captive providing primary and excess general liability coverage to organisations affiliated with the Seventh-day Adventist Church (SDA Insureds), has brought a lawsuit against its reinsurers – AIG subsidiary Lexington Insurance Company and Swiss Re subsidiary Westport Insurance Corporation.  

Gencon alleges breach of contract, breach of the implied duty of good faith and fair dealing, and seeks declaratory relief, claiming the reinsurers failed to honour their obligations under facultative reinsurance agreements. 

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Captive Intelligence provides high-value information, industry analysis, exclusive interviews and business intelligence tools to professionals in the captive insurance market.

Beyond Risk launches unified health benefits funding platform 

Beyond Risk has launched Beyond Health Partners, a unified health benefits funding platform that brings together stop-loss, captive and cost containment businesses.

By unifying SL Management Partners, LLC (SLMP), Captive Solutions & Options, and the Beyond Health captive team (a BevCap Management programme) into a single platform, Beyond Health Partners supports both traditional and alternative health benefits funding strategies. 

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Captive Intelligence provides high-value information, industry analysis, exclusive interviews and business intelligence tools to professionals in the captive insurance market.

Alabama raises captive surplus requirements, introduces GAAP reporting 

Alabama Governor Kay Ivey signed into law House Bill 415 on 15 April, which significantly increases the surplus needed for most captives, introduces generally accepted accounting principles (GAAP) reporting requirements, while captives must now notify the regulator of material changes to business plans. 

In September 2025, the Alabama Department of Insurance announced a moratorium on new captive and risk retention group (RRG) formations until at least summer 2026. 

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Captive Intelligence provides high-value information, industry analysis, exclusive interviews and business intelligence tools to professionals in the captive insurance market.