Richard Cutcher

AXA XL has appointed Grace Xu as a senior underwriter for captives within in the alternative risk solutions team for the Americas.

Davinder Panesar will relocate from London to Singapore to take up the position of alternative risk transfer (ART) leader for Allianz Commercial in Asia Pacific.

In this special live episode, Richard is joined by four special guests to discuss the evolution and value of National Grid's 40-year-old captive insurance company.

The global benefits market has welcomed the Prudential Regulation Authority’s (PRA) inclusion of employee benefits in its first proposals for a UK captive regime.

The initial reaction to the first proposals for a UK captive regime has been positive from industry experts, although further clarification is already requested in areas such as tax, employee benefits and re-domiciliation procedures.

The Prudential Regulation Authority has outlined its draft regulations for captive insurers in the United Kingdom, including a new “proportionate and tailored” solvency regime outside of Solvency UK.

Mercer Marsh Benefits has appointed Arnau Vila Llavina as its new multinational leader, focusing on expanding global capabilities and deepening insurer and network partnerships.

The number of individual members of group captives domiciled in Cayman increased from 9,963 at the end of 2024 to 11,838 at the end of 2025.