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L'Oréal may be known as a world leader in beauty, cosmetics and fashion, but it was way ahead of the trend in captives too, forming France’s second captive 26 years before the formal French captive regime was introduced.

The Cayman Islands Monetary Authority (CIMA) issued 11 new international insurer licenses, comprising of five Class B(i)s and six Class B(iii)s, in the third quarter of 2025.

Flood risk insurtech Previsico has successfully closed its Series A funding stage, including investment from Connecticut Innovations and BlueOrchard Finance.

Global broker Howden is likely to launch an onshore captive manager once the United Kingdom introduces its UK captive regulations.

The capital treatment for captives will be a “key driver” in the success of any future captive regime in the United Kingdom, according to Geraint Alexander, manager of turnaround & restructuring strategy at EY.

According to Ci DataHub the captive was licensed by the Financial Services Regulatory Authority, part of the ADGM, on 30 September and is managed by Aon.

If a UK regulatory environment turns out not quite hitting the mark, a new generation of captive curious companies may have been flushed out, sold the dream but chosen Guernsey or another established domicile more suited to their needs.

Paul Lewis, formerly chief business development officer at MAXIS Global Benefits Network, will join Mercer Marsh Benefits next week.