Luke Harrison

Several near-term priorities were identified, including the development of a coordinated industry proposition promoting Ireland’s captive expertise and the need for greater clarity around improved authorisation timelines. 

As traditional insurers grapple with the scale, concentration and complexity of these risks, captives could provide an additional tool for data centre operators looking to retain and finance exposures that are becoming harder to place in the commercial market. 

Industry stakeholders have welcomed the UK’s proposals since the draft regulations were revealed, describing it as an important step towards a competitive international domicile.

Ian Podmore has joined KeyState as vice president, captive solutions, bringing more than 40 years of experience across insurance, captive consulting, underwriting and compliance.

Apex covers general liability exposures in North America, including coverages for professional liability, physical and sexual misconduct, and personal and advertising injury, for its parent, Bright Horizons and its subsidiaries and affiliated companies.

The ratings reflect TCA’s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management (ERM).

Public sector organisations could become an important early market for the United Kingdom's new captive regime, particularly as councils, utilities and other publicly funded bodies look for greater control over their risks. 

Malta-domiciled Norfolk Re Europe Cell is a cell of the WTW-owned Lime Street PCC structure and was licensed on 2 July.