News

Howden is strengthening its employee benefits proposition and has appointed Rob Brown as head of employee benefits for Howden Markets.

The captive will be available to cannabis operators in 24 states plus Washington DC where both medical and recreational use are permitted, as well as in an additional 16 states where cannabis is legal for medical use only.

Jiten Halai has been promoted to global chief underwriting officer for structured risk solutions at AXA XL.

The Texas Department of Insurance (TDI) has hired Andrew Norton as captive insurance specialist to support the regulatory oversight of the state’s growing captive insurance market.

The Reserve Bank of New Zealand (RBNZ) has begun a consultation on insurance prudential legislation, with multi-cell captives included in the scope.

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.