Saturday, July 4, 2026

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James Bulkowski joins Alvarez & Marsal as senior director

New York-based James Bulkowski has joined Alvarez & Marsal (A&M) as is a senior director.

Bulkowski is teaming back up with previous colleagues Paul Phillips and Mikhail Raybshteyn who joined A&M in April in order build out the firm’s captive tax offering.

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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: FCCS planning to increase captive retentions 

  • Farm Credit Captive re-domesticated from Colorado to Washington DC 
  • The organisation recently added pollution risk to the captive 
  • Self-managed captive with Marsh serving as the broker 

Farm Credit is taking on a greater share of its own risk through its captive as it seeks to lessen the impact of market cycles and gain greater control over long-term insurance costs, according to Lisa Parrinello, vice president of risk management & insurance services at Farm Credit Council Services (FCCS).

The strategy forms part of a long-term effort to increase retention within the captive while maintaining relationships with commercial market partners and ensuring coverage remains sustainable across the organisation’s network. 

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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.

Ellen Charnley joins Luzern Risk as founding member of the advisory board 

Luzern Risk, previously named XN Captive, has appointed Ellen Charnley its founding member of the advisory board. 

Charnley was previously president of Marsh Captive Solutions but retired at the end of 2024 and was replaced by William Thomas-Ferrand. 

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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.

UK captive rules imminent, PRA aiming for “clear and transparent” regime

The UK’s captive insurance regime will be “clear, transparent and easy for firms to navigate” according to Shoib Khan, director of insurance supervision at the Prudential Regulatory Authority (PRA). 

The UK Treasury announced on 15 July that the PRA had been instructed to design a “competitive and bespoke” supervisory regime for captives, and Captive Intelligence understands the draft regulations are expected to be published for consultation in July. 

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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.

Marsh launches EB cell solution for multinationals 

Marsh has launched Marsh Nexus Captive Solution (Marsh Nexus) to support multinational organisations in managing the risks and costs associated with their international employee benefits programmes. 

The launch comes as employers struggle with rising healthcare costs and increasing pressure to deliver competitive employee benefits packages. 

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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.

ART challenge shifting from capacity to programme execution – Gallagher Re 

As alternative risk transfer (ART) solutions become more widely available, the challenge is no longer finding capacity but ensuring increasingly sophisticated structures are understood and implemented effectively, according to Martin Hughes, executive vice president of captives at Gallagher Re. 

Gallagher Re launched a specialised captives risk transfer team in December, which sits within the broker’s global facultative practice. 

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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.

AM Best assigns rating to SAIC Motor Corporation captive

AM Best has assigned a financial strength rating of A- (excellent) and a long-term issuer credit rating of “a-” (excellent) to Hong Kong-domiciled SAIC Motor Insurance Limited (SAIC Captive). The outlook assigned to these ratings is stable.

SAIC Captive is a single-parent captive of SAIC Motor Corporation Limited (SAIC Motor), the largest state-owned motor manufacturer in China.

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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.

ERISA litigation and the growing case for voluntary benefits captives 

  • Lawsuits challenge employers’ oversight of voluntary benefits plans  
  • Broker commissions and carrier practices face fiduciary scrutiny 
  • Captives offer greater transparency and employee value  

Recent lawsuits concerning voluntary employee benefits plans in the United States should prompt employers to rethink how benefits are structured and captives can play a central role by providing better cost management, alignment and transparency around these programmes. 

Law firm Schlichter Bogard LLC recently filed a group of lawsuits alleging breaches of fiduciary duty under the Employee Retirement Income Security Act (ERISA) in connection with employee voluntary benefits programmes in the US. 

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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.

Parametric solutions offer protection for agricultural risk 

As weather events become more extreme, parametric covers are likely to play a greater role in providing the agriculture sector with adequate insurance protection.

Unlike traditional insurance, which requires loss assessment, parametric policies pay when a predefined trigger is met, significantly reducing the time between an event occurring and funds being received. 

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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.

Alberta captives permitted to write surety risks 

Alberta-domiciled captives are now permitted to assume surety insurance risks if they are underwritten by a licensed traditional insurer. 

Since the inception of its captive statute in July 2022, Alberta has proved a popular destination for Canadian businesses, and the jurisdiction now has 40 captives, according to Ci Datahub. 

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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.