Richard Cutcher

In this GCP Short we take a closer look at captive employee benefits developments in the Middle East and Gulf region.

Episode 128 of the Global Captive Podcast was recorded at the 2025 Cayman Captive Forum by our senior reporter Luke Harrison.

Paul Sykes, chair of Guernsey Finance and managing director of Aon Insurance Managers in Guernsey, has received the Steve Butterworth Award for Service in recognition of his outstanding contribution to the international insurance industry.

Chris Dalziel shares his views on how the UK could potentially stand out as a domicile option in how it permits capital to be used and allowable investments, and also brings us up to speed on the newly rebranded W1M and its work with captives.

Richard is joined by Travis Wegkamp, Director of Captive Insurance in the State, Jim LeRoy, President of the ⁠Utah Captive Insurance Association⁠, Bryan Ridgway, Managing Partner and COO of CIC Services, LLC, and Tom Massey, President of Nelnet Insurance Services, a Utah-domiciled captive.

Zurich Global Employee Benefits Solutions (ZGEBS) has appointed Pietro Dalla Vedova as regional distribution manager for the United Kingdom & APAC.

Richard is joined by Amy Antczak, Co-Founder of GreenieRE, and Vermont's Christine Brown to share the case study of a sponsored captive formed to provide additional capacity for renewable energy projects in the United States.

National Grid Insurance USA Ltd (NGIUSA), the Vermont-domiciled captive owned by National Grid Plc, has had its Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) affirmed by AM Best.