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“Untapped potential” for family offices to utilise captives   


  • Growing number of carriers entering family office space 
  • More families with lower levels of wealth utilising family offices  
  • Family offices write a wide array of risks due to diverse operations 

There is an unrealised capacity when it comes to family offices utilising captive insurance to enhance risk management strategies and their premium spend amid a more uncertain global landscape. 

A family office is a private wealth management firm that serves the needs of a single family or a group of closely related families. 

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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.

Cayman licensed five new captives in Q1  

The Cayman Islands Monetary Authority (CIMA) licensed five new international insurers between January and March of this year, including two class B(i) and three class B(iii) licences. 

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

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XN Captive rebrands to Luzern Risk and receives $12m series A funding 

XN Captive has rebranded to Luzern Risk in addition to receiving a $12m series A investment from Caffeinated Capital, that Luzern believes will help accelerate its aim to modernise captives for the “underserved” middle market. 

Luzern Risk claims to deliver the first fully integrated, digital captive solution, by mixing software with insurance expertise to give businesses strategic control over risk and capital. 

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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.

831(b) Institute joins call for 90 day extension to IRS disclosure requirements 

The 831(b) Institute has submitted a letter to acting Internal Revenue Service Commissioner Melanie Krause calling for 90-day extension its new disclosure reporting requirements for micro captives. 

The Institute has joined the efforts of state captive insurance associations across the US who have also called for an extension to the IRS disclosure requirements. 

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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 rating of Grupo ASSA captive 

AM Best has affirmed the financial strength rating of A (excellent) and the long-term issuer credit rating of “a” (excellent) of Bermuda-domiciled Lion Reinsurance Company (Lion Re). The outlook for the ratings is stable. 

Lion Re is a reinsurer subsidiary of ASSA Compañía Tenedora, S.A. and is owned ultimately by Grupo ASSA, S.A., a financial services holding company publicly traded on the Panama Stock Exchange. 

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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.

Energy Insurance Mutual promotes Megan Ogden and Kimberly Jenkins

Energy Insurance Mutual (EIM) has promoted Megan Ogden to vice president of captive subsidiaries, reporting directly to Tommy Bolton, president and CEO of EIM, while Kimberly Jenkins has been promoted to director of energy captive management.

EIM is a mutually owned insurer that provides its members with capacity on a range of excess liability coverages for losses in excess of $35m.

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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 specialist Graham McCarthy joins McGill

McGill and Partners has strengthened its captive expertise with the hire of Graham McCarthy, formerly of Aon and WTW.

McCarthy, who joined McGill as a partner last week, has significant captive experience and joins McGill’s specialty team with a combined focus on business development and working with large corporate 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.

Up to seven new captives waiting for French approval – AXA XL’s Charbonnier 

Up to seven new captives are waiting for approval in France, according to Marine Charbonnier, head of captives and facultative underwriting for APAC and Europe at AXA XL. 

France has been fastest growing European domicile since the jurisdiction introduced specific captive legislation in 2023, with the number of captives steadily rising. 

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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 #121: RIMS president Kristen Peed, L&C’s perspective on Trump’s tariff impacts

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Kristen Peed, RIMS
Shadrack Kwasa, London & Capital
Oliver Murray, London & Capital

In episode 121 of the Global Captive Podcast, supported by the EY Global Captive Network, Richard is joined by Kristen Peed, RIMS president for 2025, to discuss what to expect at RISKWORLD in Chiago, from May 3-7.

01:34 – 12.57: Kristen shares the additional captive content planned for RISKWORLD this year, the lobbying priorities of the Association on a recent visit to Washington DC, and her captive plans at Sequoia.13.39 – 26.00: London & Capital share a timely quarterly investments update as Shadrack Kwasa is joined by the firm’s Senior Portfolio Manager Oliver Murray who provides analysis of the fallout from President Trump’s tariff announcements, what they mean for the markets and considerations for captive investment portfolios.

Captive Intelligence reported⁠ last month that London & Capital and Waverton Investment Management will be consolidating the under new brand name W1M in June 2025, following the merger of the two firms last year.

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“Significant value” in forming group captives for real estate firms – John Philipchuck 

There is a large amount of value for real estate firms forming group captives, particularly those middle market and smaller sized firms, according to John Philipchuck, founder and CEO at Propriety Insurance. 

The core of Propriety Insurance’s nascent business is linking real estate companies with “best-in-class” solutions, whether through captives, fronting arrangements or commercial market partnerships. 

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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.