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McMahon receives Bermuda 2026 Fred Reiss Lifetime Achievement Award

Luke Harrison
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Thomas McMahon, EVP of Davies Captive Management Bermuda, has been awarded the 2026 Fred Reiss Lifetime Achievement Award, recognising his contribution to Bermuda’s captive insurance industry and his decades of service to the captive community both locally and internationally. 

Presented annually at the Bermuda Captive Conference, the Fred Reiss Lifetime Achievement Award is awarded by the Bermuda Captive Network.  

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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.

Pinnacle expands Bermuda and Cananda practices with acquisition deal

Luke Harrison
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0

Pinnacle Actuarial Resources, Inc has acquired Bermuda-based Ordinance Holdings Limited and the renewal rights for clients of Canadian firm Grape Bay Actuarial Consulting Inc, effective 30 June. 

Ordinance provides actuarial consulting services to insurance, reinsurance, captive insurance and segregated accounts companies.  

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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.

Daniel Sims joins Lloyds as Head of Captive Insurance

Richard Cutcher
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Daniel Sims joins Lloyds as Head of Captive Insurance

Lloyds Corporate & Institutional has appointed Daniel Sims as its director and head of captive insurance.

Sims was previously with Barclays for more than 20 years, most recently as a relationship director for captive insurance within Barclays Investment Bank since 2021.

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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.

Paul Sykes departs Aon Guernsey

Richard Cutcher
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Paul Sykes departs Aon Guernsey

Captive veteran Paul Sykes has departed Aon Guernsey after being associated with the domicile and broker for more than 35 years.

Sykes leaves his role as managing director of Aon Guernsey and had previously worked for the global broker’s insurance management business in Malta and Gibraltar.

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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.

Robert Rudnai’s new captive management firm aims to tackle statutory compliance issues 

Luke Harrison
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Robert Rudnai’s new captive management firm aims to tackle statutory compliance issues 

Former Texas Department of Insurance (TDI) captive specialist Robert Rudnai launched captive management firm Captive Compliance to support captives with state regulatory compliance and examination preparation. 

Every five years or so, most US states examine a captive’s books and records, company history and the business plan. 

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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.

USQRisk promotes Chris Giuffre to president

Richard Cutcher
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USQRisk promotes Chris Giuffre to president

Chris Giuffre has been promoted to president of USQRisk, a managing general underwriter within Ryan Alternative Risk.

Giuffre co-founded USQRisk in 2020 and takes over from Michael Zipper who remains co-CEO alongside Parag Abvishi, co-CEO and chief underwriting officer.

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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.

CO Spotlight: Hyatt Hotels, CICA Captive of the Year

Richard Cutcher
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CO Spotlight: Hyatt Hotels, CICA Captive of the Year
Jennifer Pack, Hyatt Hotels Corporation
Prabal Lakhanpal, Spring Consulting, An Alera Group Company

In this Captive Owner Spotlight episode, produced in partnership with ⁠Spring Consulting⁠, an Alera Group Company, we feature the ⁠CICA 2026 Outstanding Captive Award ⁠winner – Xenia Assurance Company, Inc, owned by Hyatt Hotels Corporation.

Richard sat down with Jennifer Pack, Vice President of Global Risk Management at Hyatt, and Friend of the Podcast Prabal Lakhanpal, of Spring, at the CICA International Conference in March to hear all about the Hyatt captive evolution since its inception in Arizona in 2013.

In this discussion, Jennifer explains how the captive has expanded over the past 13 years, has supported the group across a range of areas, particularly on employee benefits, and what new activities it is considering in the future.

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.

Beazley appoints head of ART in Bermuda

Richard Cutcher
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Beazley appoints head of ART in Bermuda

Specialty insurer Beazley has appointed Stefan Wunderlich its head of alternative risk transfer (ART), with the new role carried out alongside his current one as head of parametric.

Beazley announced in November it was deploying $500m of capital to establish an ART offering in Bermuda, with Wunderlich expected to relocate there pending immigration approval.

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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.

Conner Strong & Buckelew hires Derek Martisus as partner, alternative risk and national captive leader 

Luke Harrison
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Insurance brokerage, risk management and consulting firm, Conner Strong & Buckelew has appointed Derek Martisus as partner, alternative risk and national captive leader. 

In his new role, Martisus will work with colleagues across Conner Strong & Buckelew and BroadStreet Partners member companies to help clients improve their risk management programmes. 

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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.

Chinese tech giant launches Hawaii captive

Richard Cutcher
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Chinese tech giant launches Hawaii captive

A Chinese internet technology company, best known for developing TikTok, has formed a pure captive in Hawaii.

Hawaii has long been the go-to captive domicile for Silicon Valley tech giants, as well as for captives owned by Japanese organisations.

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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.
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