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This single parent captive was formed and capitalised in 2019 as part of State Street’s alternative risk financing strategy in the wake of significant price firming in the insurance market. 

Xitus provides discontinued insurance solutions through acquisition and loss portfolio transfers and has expanded its use of the INTX platform for capital visibility across long-tail portfolios and faster execution of LPTs and acquisitions.

Ashtari will lead the expansion of the business, manage key client relationships, and oversee the team.

The updated Isle of Man (IoM) 2025 insurance regulations have made the licensing of insurance vehicles, including captives, more efficient, as well as allowed for more creativity within the jurisdiction.

I–RE has strengthened its leadership team in Bermuda with the appointments of Simon Long as managing director of I–RE Ltd and Charles Kittrell in underwriting operations.

Peiser will continue to report to Andy Marcell, CEO of global solutions for Aon, and a search for the role of CEO of Commercial Risk is currently underway.

France formally entered the captive landscape in 2023, when it legislated for a specific resilience provision for reinsurance captives, somewhat comparable although not as generous, as that which has been so successful in Luxembourg.

Utah’s insurance regulator has started 2026 as it ended 2025 – with a slew of new captive insurance and captive cell licenses.