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.

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.

Shah joins from the Prudential Regulation Authority (PRA), where he has been a key figure in developing the upcoming UK captive insurance regime.

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.

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.

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

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