Monday, March 30, 2026

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Japanese multinational to re-domicile Bermuda captive to Cayman 

Japanese multinational ITOCHU Corporation has formed a new captive in the Cayman Islands and will ultimately novate policies from its Bermuda-domiciled entity in a re-domiciliation. 

According to Ci Datahub, GUNA Re was licensed by the Cayman Islands Monetary Authority (CIMA) on 13 March and is managed by Strategic Risk Solutions. 

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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.

Piko AI appoints Steven McElhiney vice chairman, chief commercial officer 

Piko AI has hired Steven McElhiney as its vice chairman and chief commercial officer, where he joins to lead strategy and industry engagement. 

The firm leverages artificial intelligence and blockchain technology to reduce inefficiencies and help solve unstructured data problems that often persist across the captive 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.

Finnman joins Kongsberg as insurance VP

Experienced risk and insurance manager, Fredrik Finnman, has joined Norwegian international technology group Kongsberg.

Finnman previously spent eight years vice president of group risk management at Sandvik, in Sweden, where he led risk management, global insurance and the group’s captive activities.

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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.

Harriet Taylor appointed ZGEBS head 

Zurich has appointed Harriet Taylor as the new head of Zurich Global Employee Benefits Solutions (ZGEBS), while Arnau Vila Llavina has the left the company.  

Taylor has worked at Zurich for more than 20 years and has a strong track record across global proposition and underwriting roles. 

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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 management proving “fertile ground” for GuideFire  

Despite originally having limited intention to delve into captive management, the venture is proving a success for Kansas City-based GuideFire, according to Jesse Olsen, president at the company. 

GuideFire was originally launched last January to provide captive advisory, management, development, formation and feasibility services for captives domiciled in the United States. 

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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.

Industrial waste firm granted latest French captive licence  

The French Prudential Supervision and Resolution Authority (ACPR) has granted a captive reinsurance licence to CapQuartz, owned by CHIMIREC Group. 

According to CI Datahub, CapQuartz was licenced on 18 March. 

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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 Leaders: Ciarán Healy

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Ciarán Healy, Aon
Richard Cutcher, Captive Intelligence

In this episode of the Global Captive Podcast, supported by the EY Global Captive Network, Richard brings the second instalment in our Captive Leaders Series.

In a candid, 30-minute discussion with Ciarán Healy, Global Captives Leader within Aon’s Commercial Risk Solutions, they address his vision and priorities for the Aon captive business, the growing opportunity for third party capital to enter captives and the age-old ‘independent’ versus broker-owned management debate.

Check out the first Captive Leaders episode with Yves Betz, Head of Multinational Solutions at AXA XL, ⁠here⁠.

For all the latest news, exclusive data-driven analysis and thought leadership visit ⁠⁠Captive Intelligence⁠⁠ and sign up to our ⁠⁠twice-weekly newsletter⁠⁠.

AM Best affirms rating of Hikari Tsushin captive

AM Best has affirmed the financial strength rating of A- (excellent) and the long-term issuer credit rating of “a” (excellent) of Hawaii-domiciled PanAsia Reinsurance Inc. The outlook of these credit ratings is stable.

PanAsia Re is the single parent captive of Japanese telecommunications, electricity, and insurance services company Hikari Tsushin, Inc.

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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.

Health insurance company forms Cayman SPC 

A Florida insurance firm has formed a Cayman-domiciled Segregated Portfolio Company (SPC) in March, one of three new captives licensed by Cayman Islands Monetary Authority (CIMA) this month. 

Fortex Reinsurance SPC, Ltd, Gamma Reinsurance Company, Ltd and Gunna Re are the three captives to obtain a Class B licence this month. 

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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.

Iowa captive regime focusing on quality over quantity 

The nascent Iowa captive regime is focusing on quality over quantity, according to Jeff Wilson, captive insurance director at the Iowa Insurance Division. 

In 2023, Iowa became the latest US state to introduce captive legislation making it the 36th US jurisdiction to adopt captive insurance legislation, including the District of Columbia. 

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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.