Thursday, April 30, 2026

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UK to expand PCCs as part of captive framework

HM Treasury has confirmed that the government intends to progress legislation allowing protected cell companies (PCCs) to effect and carry out insurance contracts in the UK, as part of its wider plans to develop a domestic captive framework.

Hawaii to introduce SB 2043 refining captive examinations

Under the new legislation, captives, excluding risk retention groups (RRG), will undergo an initial examination within five years of licensure.

Marsh Risk to launch Captive Companion solution 

The firm will be unveiling its Captive Companion solution along with its Renewal Companion solution as part of its newly launched Risk Companion suite at RIMS RISKWORLD 2026 in Philadelphia.

Jeff Bray named RIMS Risk Manager of the Year

Bray began his risk management career at AMB Property Corporation (AMB) in 2005 and assumed leadership of global risk management after Prologis’ 2011 merger with AMB.

Columbian banking firm forms Bermuda’s first captive of 2026 

Last month, Rojo Re Ltd was added to the Bermuda Monetary Authority (BMA) register of insurance companies, receiving its Class 3 licence on 31 March.

Cayman licences 13 new captives in Q1

In addition, CIMA also licenced four portfolio insurance companies (PICs).

Artex Middle East to grow local team – Paul Eaton  

Eaton said the next stage of the evolution was developing a local team, and Hassan Ashtari joining the Artex team was the next step.

SRS Altitude’s Stepform produces “easy way in” for captive formations

SRS Altitude has launched its Stepform captive reinsurance product that supports insureds with a capital mechanism to get a new captive off the ground.

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