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New York provides $2m loan to affordable housing captive

New York Governor Kathy Hochul has announced a $2m loan to the Milford Street Association Insurance Company captive.

Vermont-domiciled Milford Street was formed in July 2024 and is owned by members of New York’s affordable housing industry to combat rising liability insurance premiums.

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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.

Statewide captive insurance review could reshape Maryland’s regulatory landscape

  • Health systems could pursue captive tax relief 
  • Wider captive study could impact other sectors and bring new regulation, taxes 
  • Washington State outcome feared, but Maryland taking informed approach 

Maryland has moved towards closer scrutiny of captive arrangements as lawmakers recently passed Senate Bill 890, requiring the Maryland Insurance Administration (MIA) to conduct a comprehensive study of how captives owned by Maryland-based organisations are used, regulated, and taxed within the state. 

Under SB 890, the MIA, in consultation with relevant stakeholders, must study the use, regulation, and taxation of captives by entities in the State. 

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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.

Ci DataHub: Major Utah health group launches ‘home state’ captive 

Utah has licensed a new captive for a NYSE-listed healthcare firm that already owns a Bermuda-based entity, in a rare move for a domicile that has relatively few captives owned by public companies. 

The Beehive State’s list of registered captive insurers was recently updated to include Welsch Insurance Company, LLC, licensed on 18 April 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.

Fortune 500 energy firm redomesticates Vermont captive to Texas 

A Texas-based Fortune 500 energy firm has redomesticated its Vermont-domiciled captive to Texas. 

Recent updates to the list of Texas-registered insurance companies show that Energy Protection Insurance Company was licensed on 31 March.

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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.

Adam Miholic rejoins Marsh Captive Solutions

Marsh Captive Solutions has appointed Adam Miholic as its national growth leader.

Chicago-based Miholic rejoins Marsh, where he first began his career in captives a decade ago, from Revatange, a Blackstone Portfolio Company, where he held the role of VP, head of captives and North American placement.

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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.

As cyber market softens, increased captive role remains 

  • Captives provide greater protection against market shifts 
  • Rate reductions may not be sustainable and could reverse 
  • Cyber frequently written as part of multi-line policies 

Despite a sustained decline in commercial cyber insurance rates, captive utilisation continues to increase, with captives playing an ever-greater role in how many organisations finance cyber risk. 

While softer pricing has traditionally reduced the incentive to retain risk within a captive, the current cyber market is not triggering a widespread retreat from captive utilisation. 

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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.

Group captives Ascot’s largest growth potential – Mark Benz 

Group captives are generating the largest amount of interest from US-based clients, according to Mark Benz, EVP and head of alternative risk at Ascot.  

Ascot launched a captives unit in 2023, citing hard market conditions as one of the main drivers behind the launch. 

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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.

Artex hires Aidan Kelly as SVP, advisory and property strategic risk transfer

Artex has appointed Aidan Kelly as SVP advisory, property strategic risk transfer.

Kelly will work closely with Artex producers, captive directors, and senior leadership, to evaluate, structure, and manage complex risk transfer strategies for clients.

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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.

Short: Life Time – Building a diversified captive

Joshua Reding, Life Time Inc
TJ Scherer, Spring Consulting, an Alera Group Company
Peter Johnson, Spring Consulting, an Alera Group Company

In this GCP Short, produced in partnership with Spring Consulting, an Alera Group Company, we bring you an in-depth captive case study on Life Time, Inc.

Life Time is a publicly listed chain of health clubs, which has owned a captive in Vermont since 2017.

In this episode Joshua Reding, Vice President of Risk Management, explains the captive’s original rationale for formation, how it evolves to serve a growing company and the more recent addition of medical stop loss.

Josh is also joined by TJ Scherer, Vice President at Spring, and Peter Johnson, Chief P&C Actuary at Spring, to discuss some of the important steps required in bringing internal stakeholders along, as well as the diversification benefits of a multi-line captive and the addition of medical stop loss.

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.

Plaintiffs appeal IRS ‘transactions of interest’ ruling on 831(b) captives

The plaintiffs in Drake Plastics Ltd. Co. v. Internal Revenue Service (IRS) have filed an appeal challenging the remaining portion of the court’s April ruling on IRS micro-captive regulations.

Following the decision earlier this month by the United States District Court for the Southern District of Texas, which struck down the IRS’s designation of certain 831(b) captives as “listed transactions,” the plaintiffs are now seeking to overturn the court’s finding that the IRS appropriately classified micro-captive arrangements as “transactions of interest”.

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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.