Thursday, December 4, 2025

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SRS Altitude hires Nadia Zacheo as senior actuary and property underwriter 

Luke Harrison
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SRS Altitude has appointed Nadia Zacheo as senior actuary and property underwriter, a role she will undertake in January 2026. 

SRS Altitude was launched by independent captive manager Strategic Risk Solutions in November 2023 and is backed by capacity partners Generali Global Corporate & Commercial and Beazley. 

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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.

GCP Short: Implementing a minimum standard of employee benefits

Richard Cutcher
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GCP Short: Implementing a minimum standard of employee benefits
Christian Frener, Givaudan
Nicola Fordham, MAXIS GBN

In this GCP Short, produced in partnership with ⁠MAXIS Global Benefits Network⁠, Richard is joined by Christian Frener, Head of Global Benefits at Swiss multinational Givaudan, and Nicola Fordham, Chief Solutions Officer at MAXIS Global Benefits Network.

Christian explains why and how he has implemented a minimum standard of employee benefits across the group and the role of the captive in achieving the company’s objectives.

Nicola discusses some of the motives for this approach, whether the strategy is being replicated by other corporates and the considerations for successful implementation.

For the latest news, data-driven analysis and thought leadership on the global captive market, visit ⁠Captive Intelligence⁠ and sign up to our ⁠twice-weekly newsletter⁠.

Bob Gagliardi to lead SRS Titanium

Richard Cutcher
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Bob Gagliardi to lead SRS Titanium

Robert Gagliardi has been appointed chief executive officer of SRS Titanium, the new initiative launched by Strategic Risk Solutions targeting Fortune 500 and other global, complex organisations.

SRS Titanium was launched earlier this month, which will combine captive management and consulting support to better address the needs of larger, more sophisticated clients.

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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 revises outlooks to negative for Physicians Insurance Mutual Group’s members​​​​ 

Luke Harrison
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AM Best has revised the outlooks to negative from stable and affirmed the financial strength rating of ‘A-’ (excellent) and the long-term issuer credit ratings of “a-” (excellent) of Washington-based Physicians Insurance A Mutual Company and its reinsured subsidiary, Vermont-domiciled Physicians Insurance RRG. 

According to Ci Datahub, Physicians Insurance RRG is managed by Amethyst Captive Insurance Solutions and was formed in 2015. 

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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 affirms ratings of SLB’s Bermuda captives 

Luke Harrison
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AM Best has affirmed the financial strength rating of A (excellent) and the long-term issuer credit ratings of “a+” (excellent) of Bermuda-domiciled Castle Harbour Insurance and Harrington Sound Insurance. The outlook for the ratings is stable. 

Castle Harbour and Harrington are single parent captives of SLB, a global technology company focused on energy innovation. 

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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.

Anne Marie Towle to assume leadership of Hylant Consulting 

Luke Harrison
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Hylant has made several key leadership appointments, notably seeing Anne Marie Towle assume leadership of Hylant Consulting, which includes analytics, business risk consulting, captive management, mergers and acquisitions and transaction solutions, as well as outsourced consulting services. 

Through the expansion of consulting services, Hylant said it is positioned to help clients proactively manage risk, optimise transactions and scale effectively. 

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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.

Captives look to international programmes for global consistency and control 

Luke Harrison
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Captives look to international programmes for global consistency and control 
  • Carriers utilise global partners where they have licencing gaps 
  • Challenges occur during preparation as IPs need close alignment between stakeholders 
  • Data and technology provide centralised perspective of risk 

Multinational companies face an increasingly complex insurance landscape, with varying regulations, currencies, and local requirements creating gaps in coverage and complicating claims.  

Outside the United States, captives are mostly owned by multinationals, which need protection not just in one country, but across the globe.  

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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.

Aspida hires Suzanne Sadlier as head of regulatory affairs 

Luke Harrison
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Life insurance and annuity company, Aspida, has appointed Suzanne Sadlier as head of regulatory affairs.  

In her new role, Sadlier will oversee regulatory engagement across Aspida’s US, Bermuda, and Cayman platforms. 

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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.

Four further firms exploring Italy captive formations  

Luke Harrison
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Four further firms exploring Italy captive formations  

Up to four firms are exploring the possibility of forming captives in Italy despite the country having no existing captive legislation, according to Lionel Tanner, managing director of SRS Italy. 

Under current laws, captives are regulated under the same legislation as traditional carriers, which can be onerous for smaller insurance companies such as 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.

AM Best affirms financial strength rating of Saudi Arabian Oil Company captive 

Luke Harrison
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AM Best has affirmed the financial strength rating of A (excellent) and the long-term issuer credit rating of “a+” (excellent) of Bermuda-domiciled Stellar Insurance, an indirectly wholly owned subsidiary of the Saudi Arabian Oil Company (SAOC). The outlook for the ratings is stable. 

Stellar’s portfolio mainly consists of energy onshore and offshore property risks, while 89% of risks are concentrated in Saudi Arabia. 

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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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