Luke Harrison

Gencon Insurance Company of Vermont, a captive providing primary and excess general liability coverage to organisations affiliated with the Seventh-day Adventist Church (SDA Insureds), has brought a lawsuit against its reinsurers – AIG subsidiary Lexington Insurance Company and Swiss Re subsidiary Westport Insurance Corporation. 

Beyond Risk has launched Beyond Health Partners, a unified health benefits funding platform that brings together stop-loss, captive and cost containment businesses.

In September 2025, the Alabama Department of Insurance announced a moratorium on new captive and risk retention group (RRG) formations until at least summer 2026. 

A US district court has partly struck down Internal Revenue Service (IRS) regulations in relation to captives making the 831(b) tax election.

Organisations are increasingly turning to captives, not simply as risk financing tools, but as strategic platforms to optimise capital, manage volatility and unlock greater capacity. 

The Arizona-headquartered firm is a component of the S&P 500 index.

If passed, the act will be effective 1 November 2026. 

Azimuth is designed for “best in class” construction companies that pay $250,000 or more annually in workers’ compensation, general liability, and auto premiums.