Richard Cutcher

Jaguar Land Rover formed a pure captive in Guernsey last year, and has begun reinsuring customer motor policies in the United Kingdom.

Richard is joined by Barbara Rhoades, CEO of ⁠Ohio Transit Risk Pool⁠ and a board member of Transit Re, and Sandy Bigglestone, deputy commissioner of captive insurance in the State of Vermont.

Japanese multinational TDK Corporation has formed a reinsurance captive in Luxembourg, managed by Strategic Risk Solutions.

Experienced insurance manager John Rowson has joined Alternative Risk Management as new business director.

Vermont’s Department of Economic Development confirmed it issued 41 new captive licences in 2024, among its highest years for new formations.

SRS Altitude, the managing general underwriter (MGU) focused on alternative risk transfer solutions, has confirmed its launch into North America with the appointment of Milan Pavlik, formerly Amazon’s director of captive.

Captives domiciled in the European Union may have to wait longer than expected for regulatory relief, after the European Parliament published Directive 2025/2, amending the text of Solvency II which should bring more proportionality for “small and non-complex undertakings”.

Richard is joined by Mikhail Raybshteyn, Americas Captive Insurance Services Co-Leader at EY, and Vittorio Zaniboni, Captive & Insurance Excellence Leader for EY in Luxembourg to reflect on captive activity in 2024, and what to expect in 2025.