Long reads

The global captive market, tracked by Ci DataHub, saw a net decrease in active captives during the fourth quarter of 2025, as more licences were surrendered than new ones were issued.

The success of Acer’s account receivable captive programme has prompted its risk manager to invite other corporates to get in touch to learn how the approach could be replicated and encourages them to embrace “the best type of captive risk”.

Trends suggest that there will be continued captive growth in the trucking sector because the market remains hard, particularly for commercial auto liability cover.

Consolidation in the healthcare market has resulted in less demand from the historically popular sector, though sustained and rising interest from group captives, reinsurers, MGAs, and ILS transactions is broadening the jurisdiction’s scope and reinforcing its role as a global captive and (re)insurance hub. 

Vermont-domiciled sponsored captive, GreenieRE, Inc, was launched in 2024 to provide capacity for green energy and climate change related risks where there is risk aversion and capacity challenges in the commercial market.

Captives utilising international programmes can provide a coherent approach to global risk, giving companies more reassurance in an increasingly uncertain world. 

The number of captive licences surrendered in North American domiciles outnumbered the number of formations in the third quarter of 2025.

With Gardant Management Solutions’ Cayman Islands-domiciled captive reaching maturity, the firm is now looking to expand into additional lines that will aid the senior living industry across in the United States.