Levy joins USQRisk with over 30 years of (re)insurance industry experience including actuarial, underwriting, and brokering for domestic and international placements.

Some commentators speaking to Captive Intelligence argue that the latest ruling is one of the biggest wins for the captive industry in recent years, while others believe the ruling may not ultimately change much in practical terms.

Under the new legislation, captives, excluding risk retention groups (RRG), will undergo an initial examination within five years of licensure.

The expanded PCC legislation is expected to come after the captive framework is implemented in 2027.

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.