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eMaxx provides alternative risk captive insurance solutions for over 150 companies—large, small and mid-sized—across the US, specialising in transportation and utilities.

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

The appointment of Brown follows the departure of Vermont’s well-known chief captive regulator Sandy Bigglestone.

Purbeck said the creation of Purbeck Re is an “exceptional development” for the MGA market and marks a significant step in the company’s long-term commitment to support UK SME owners and directors.

In her new role, Stewart will lead the global captive management, segregated cell and advisory groups within AIG Captive Solutions.

Medical stop-loss captive use has increased in recent years largely due to spiralling medical costs in the United States, and the resultant rise in commercial market rates.

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. 

Procter brings more than a decade of experience in the insurance and reinsurance sector, with a strong focus on captive structures and alternative risk vehicles.