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Cayman licences 15 new captives in Q2 

Luke Harrison
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The Cayman Islands Monetary Authority (CIMA) has issued 15 new captive insurance licences during Q2 2025, comprising nine Class B(i) and six Class B(iii) licences. 

In CIMA’s regulatory framework, captive business usually falls into the Class B licences. 

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Captive Intelligence provides high-value information, industry analysis, exclusive interviews and business intelligence tools to professionals in the captive insurance market.

Department of Labor grants Meta ERISA benefits exemption 

Luke Harrison
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0
Department of Labor grants Meta ERISA benefits exemption 

The Department of Labor (DoL) has granted Meta Platforms Inc, the parent company of Facebook and WhatsApp, an Employee Retirement Income Security Act (ERISA) exemption to allow its captive to reinsure certain US employee benefits. 

Captive Intelligence reported in November last year that Meta was awaiting a decision from the DoL for its ERISA exemption. 

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UK has all the tools for captive success, but proportionality “key ingredient”

Luke Harrison
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0
UK has all the tools for captive success, but proportionality “key ingredient”
  • Government calls for competitive, bespoke captive framework 
  • Final regulations to be implemented by mid-2027
  • PCCs on agenda but Treasury requests further consultation 

The United Kingdom has everything in place to provide a captive regime that is prosperous and attractive, but the devil will be in the detail, particularly when it comes to proportionality of future regulation, which will be a “key ingredient” in determining the jurisdiction’s future success. 

Captive Intelligence broke the news on Tuesday that Chancellor Rachel Reeves had instructed the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) to design and implement a bespoke regulatory regime for captives. 

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Captive Intelligence provides high-value information, industry analysis, exclusive interviews and business intelligence tools to professionals in the captive insurance market.

Airmic to push for proportional, risk-based UK captive regime

Luke Harrison
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0
Airmic to push for proportional, risk-based UK captive regime

Airmic CEO Julia Graham has welcomed the Government’s go-ahead for a UK captive regime, and has re-emphasised the need for an “ambitious and competitive framework” that is proportional and risk based.

Captive Intelligence broke the news yesterday that Chancellor Rachel Reeves had instructed the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) to design and implement a bespoke regulatory regime for captive insurers, while Aon has already announced its plans to open a captive management company in the UK.

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Captive Intelligence provides high-value information, industry analysis, exclusive interviews and business intelligence tools to professionals in the captive insurance market.

Aon plans UK captive management company, demand expected

Richard Cutcher
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0
Aon plans UK captive management company, demand expected

Aon has committed to launching a captive management company in the United Kingdom, following confirmation from Chancellor Rachel Reeves that a bespoke regulatory regime will be introduced for captive insurance companies.

Captive Intelligence reported this morning that Treasury had finally given the project the green light after four years of lobbying from London Market Group (LMG), Airmic and wider industry.

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Captive Intelligence provides high-value information, industry analysis, exclusive interviews and business intelligence tools to professionals in the captive insurance market.

Treasury gives green light to UK captive regime

Richard Cutcher
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0
Treasury gives green light to UK captive regime

His Majesty’s Treasury has confirmed it will go ahead with designing and implementing a captive insurance regulatory framework for the United Kingdom.

Captive Intelligence has reported extensively on lobbying efforts and plans for a bespoke UK captive regime, which would take advantage of London’s leading position in commercial insurance and offer a new domicile option for both UK and multinational businesses.

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Captive Intelligence provides high-value information, industry analysis, exclusive interviews and business intelligence tools to professionals in the captive insurance market.

Quanta Services captive has ‘Excellent’ rating affirmed

Richard Cutcher
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0

AM Best has affirmed the ‘A-‘ (Excellent) financial strength rating of Texas-domiciled Quanta Insurance Company, Inc (QIC), the single parent captive owned by Quanta Services, Inc.

Quanta Services is a specialised contracting services company, delivering comprehensive infrastructure solutions for the utility, communications, pipeline and energy industries.

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Captive Intelligence provides high-value information, industry analysis, exclusive interviews and business intelligence tools to professionals in the captive insurance market.

Norske Tog forms Norway’s second captive in a year

Richard Cutcher
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0
Norske Tog forms Norway’s second captive in a year

Norwegian train company Norske Tog has established a pure captive in its home country, making it the second new captive established in the territory in the last 12 months.

According to Ci DataHub, Norske Tog Forsikring AS was registered with the insurance regulator on 2 July despite the company being established last year.

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Captive Intelligence provides high-value information, industry analysis, exclusive interviews and business intelligence tools to professionals in the captive insurance market.

Deutsche Telekom exploring German captive formation

Luke Harrison
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0
Deutsche Telekom exploring German captive formation

German telecommunications company, Deutsche Telekom, is looking to form a brand-new captive in Germany, becoming the latest firm in recent times to make the decision to form a captive in the jurisdiction.

Captive Intelligence understand Deutsche Telekom has been in discussions with the German financial regulator, BaFin, and is planning to obtain its licence in the middle of 2026.

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Captive Intelligence provides high-value information, industry analysis, exclusive interviews and business intelligence tools to professionals in the captive insurance market.

Captive Spotlight: Volkswagen redomestication to Germany “makes sense”: Tibor Boettcher 

Luke Harrison
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0
Captive Spotlight: Volkswagen redomestication to Germany “makes sense”: Tibor Boettcher 
  • Expected that the captive will be fully licenced in Germany by 1 January 2027 
  • Marine cargo and property are currently the largest lines in the captive 
  • The captive primarily operates in the primary layer for all risks

Volkswagen decided to redomesticate its Ireland-domiciled captive to Germany because it “makes more sense” to be closer to company’s German headquarters due to the captive soon being required to abide by IFRS 17 reporting standards, according to Tibor Boettcher, executive director and CEO of Volkswagen Insurance Company DAC (VICO). 

Volkswagen Group also owns several additional automotive brands, including Audi, SEAT, Cupra, Škoda, Bentley, Lamborghini, Porsche, and Ducati. 

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Captive Intelligence provides high-value information, industry analysis, exclusive interviews and business intelligence tools to professionals in the captive insurance market.
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