Thursday, March 5, 2026

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Luke Harrison

Captive formations accelerating globally, notably rising for New Zealand and South American firms – GILC 

Emerging economies such as Brazil, Mexico, Chile, and Argentina see growing offshore usage despite lacking domestic regulations.

Around 31% of firms to consider moving captives back to UK under proportionate regime – Airmic survey  

The UK’s business community has a relatively mature penetration of captive utilisation with more than 300 UK-based organisations already owning a captive. 

Oklahoma adds 14 new captives in 2025 

Some of most notable formations include HK Captive, owned by The Hanor Company of Wisconsin, ARassurance, owned by Fred Leeds Asset Group, and Strategic Risk Protection, owned by Total Environment.

FCA targets Q3 for captive rules consultation 

The target was confirmed as part of the FCA’s Regulatory Priorities Insurance report which sets out the FCA’s 2026 regulatory priorities for the UK insurance sector. 

Florida set to allow PCC formations 

Once the bill has passed through the Florida Senate, the act will take effect on 1 July 2026.

Alonso Tello promoted to regional director, single-parent captives, Americas at AXA XL

In January, AXA XL launched a dedicated alternative risk solutions (ARS) team in the Americas.

Mondi becomes latest FTSE 100 firm to form Guernsey captive 

Mondi Insurance in managed by Aon and was licenced on 25 November 2025.

AM Best affirms rating of Sony captive 

The Sony captive writes commercial property, marine, directors and officers, cyber risk and previously employee benefits insurance for Sony and its affiliates.

Latest Podcasts

GCP Short: Employee benefits & MSL

In this GCP Short, produced in partnership with MARSH, we explore the growth areas of international employee benefits and medical stop loss in captives.

Short: Keeping on top of IPT updates

As captives write business around the world, particularly when on a direct basis, they have to be mindful of complex and often changing local taxes and levies in each territory that they are active.

GCP Short: How tokenisation could transform insurance capital

In this GCP Short, produced in partnership with ⁠Jeometri Insurance Managers⁠ in Guernsey, we focus on tokenisation in insurance and its potential application by captives and other vehicles.

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