Luke Harrison

AM Best has assigned a financial strength rating of B++ (good) and a long-term issuer credit rating of “bbb+” (good) to Ireland-domiciled Berkeley Re Designated Activity Company (Berkeley Re). The outlook for the ratings is stable.

Global Captive Management (GCM) has launched Outcomes SPC, a segregated portfolio company, to provide a captive structure with less entry barriers for small companies looking to utilise captives.

Tennessee’s business friendly environment and ‘say yes’ attitude are two of the reasons behind the jurisdiction’s continued growth as a captive domicile.

The Vermont Captive Insurance Association (VCIA) has launched Monty, an AI-powered knowledge assistant, designed to help captive professionals and VCIA members access resources and captive information. 

Generali Employee Benefits Network (GEB) has partnered with Unum Limited in the UK, with Unum securing the renewal rights of Generali UK’s employee benefits business, encompassing its group risk products.

Vermont Governor Phil Scott has signed into law the Department of Financial Regulation’s (DFR) 2025 housekeeping bill, H.137.

Georgia has passed House Bill 348, which expands the lines of insurance or reinsurance a captive may engage in among other amendments.

Tennessee has licenced eight pure captives and 28 cells to date in 2025. At the end of 2024, Tennessee had 645 cells and 176 captives.