News
Transit Re chooses sponsored structure to better serve “diverse” member needs
Transit Insurance Group made the decision transform into a sponsored captive to better serve the “diverse” needs of the public transit community within the United States.
Jaguar Land Rover launches Guernsey captive for motor policies
Jaguar Land Rover formed a pure captive in Guernsey last year, and has begun reinsuring customer motor policies in the United Kingdom.
Exolum, TDK among 7 new Luxembourg captives in 2024
Luxembourg licensed seven new reinsurance companies in 2024, while five surrendered their licences, taking its year-end total to 197.
Cayman licences 11 captives in Q4
The Cayman Islands Monetary Authority (CIMA) issued 12 new international insurer licenses in the fourth quarter of 2024, including three B(i)s licences, eight B(iii)s, and one Class C.
Japan’s TDK forms Luxembourg captive
Japanese multinational TDK Corporation has formed a reinsurance captive in Luxembourg, managed by Strategic Risk Solutions.
John Rowson joins ARM Guernsey as new business director
Experienced insurance manager John Rowson has joined Alternative Risk Management as new business director.
DoL confirms ERISA exemption for New York-based cancer centre
The US Department of Labor (DoL) has issued a notice of Employee Retirement Income Security Act (ERISA) exemption for New York-based Memorial Sloan Kettering Cancer Center (MSKCC), regarding a pension risk transfer to its captive.
Vermont licensed 41 new captives in 2024
Vermont’s Department of Economic Development confirmed it issued 41 new captive licences in 2024, among its highest years for new formations.
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LATEST PODCASTS
GCP Short: Transit Insurance Group’s 20-year captive journey
Richard is joined by Barbara Rhoades, CEO of Ohio Transit Risk Pool and a board member of Transit Re, and Sandy Bigglestone, deputy commissioner of captive insurance in the State of Vermont.
GCP Short: Preparing for the 2025 captive landscape
Richard is joined by Mikhail Raybshteyn, Americas Captive Insurance Services Co-Leader at EY, and Vittorio Zaniboni, Captive & Insurance Excellence Leader for EY in Luxembourg to reflect on captive activity in 2024, and what to expect in 2025.
GCP #115: FERMA Forum 2024, Italian developments and new domiciles
In episode 115 of the Global Captive Podcast, supported by the EY Global Captive...