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USQRisk hires John Levy as global head of structured reinsurance

Luke Harrison
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John Levy has joined USQRisk as global head of structured reinsurance.

Levy joins USQRisk with over 30 years of (re)insurance industry experience including actuarial, underwriting, and brokering for domestic and international placements.

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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.

Is 831(b) ruling one of the US captive industry’s biggest wins? 

Luke Harrison
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Is 831(b) ruling one of the US captive industry’s biggest wins? 
  • More firms likely to work with 831(b) captives but hesitancy expected 
  •  Ruling does not limit the IRS’s authority to conduct its audits on 831(b)s 
  • Likelihood IRS will appeal latest Texas court’s micro captive ruling  

Industry opinion has varied following the Drakes Plastics Ltd. Co. v Internal Revenue Service (IRS) ruling earlier this month, in which the US District Court for the Southern District of Texas partly struck down IRS regulations in relation to captives making the 831(b) tax election. 

Some commentators speaking to Captive Intelligence argue that the latest ruling is one of the biggest wins for the captive industry in recent years, while others believe the ruling may not ultimately change much in practical terms. 

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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.

Hawaii to introduce SB 2043 refining captive examinations

Luke Harrison
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0
Hawaii to introduce SB 2043 refining captive examinations

Hawaii is set to modernise its captive regulatory framework with the introduction of Senate Bill 2043.

Under the new legislation, captives, excluding risk retention groups (RRG), will undergo an initial examination within five years of licensure.

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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 to expand PCCs as part of captive framework

Luke Harrison
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0
UK to expand PCCs as part of captive framework

HM Treasury has confirmed that the government intends to progress legislation allowing protected cell companies (PCCs) to effect and carry out insurance contracts in the UK, as part of its wider plans to develop a domestic captive framework.

The UK Treasury announced on 15 July that the PRA had been instructed to design a “competitive and bespoke” supervisory 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.

Marsh Risk to launch Captive Companion solution 

Luke Harrison
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0

Marsh Risk is set to launch its Captive Companion solution to provide clients with access to their captives’ current financial metrics, automated reporting and document workflows, and benchmarking analytics. 

The firm will be unveiling its Captive Companion solution along with its Renewal Companion solution as part of its newly launched Risk Companion suite at RIMS RISKWORLD 2026 in Philadelphia. 

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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.

Asta hires Nylesh Shah as independent non-executive director

Luke Harrison
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0

Third-party Lloyd’s managing agent Asta has appointed Nylesh Shah as independent non-executive director with effect from 1 June 2026.

Shah joins from the Prudential Regulation Authority (PRA), where he has been a key figure in developing the upcoming UK captive insurance regime.

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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.

Jeff Bray named RIMS Risk Manager of the Year

Luke Harrison
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0

Jeff Bray, senior vice president and head of global risk management for California-headquartered logistics real estate firm Prologis, has been named Risk Manager of the Year by RIMS.

According to Ci Datahub, Prologis is the parent to Bermuda-domiciled Solution Insurance Ltd., which was formed in 2002 and is managed by Marsh.

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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.

Colombian banking firm forms Bermuda’s first captive of 2026 

Luke Harrison
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0
Colombian banking firm forms Bermuda’s first captive of 2026 

Bermuda has licenced its first captive of 2026, owned by a Colombian banking company. 

Last month, Rojo Re Ltd was added to the Bermuda Monetary Authority (BMA) register of insurance companies, receiving its Class 3 licence on 31 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.

Cayman licences 13 new captives in Q1

Luke Harrison
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0

The Cayman Islands Monetary Authority (CIMA) issued 13 new captive licences in the first quarter of 2026, comprising six Class B(i)s, seven Class B(iii)s.

In addition, CIMA also licenced four portfolio insurance companies (PICs).

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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.

Artex Middle East to grow local team – Paul Eaton  

Luke Harrison
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0
Artex Middle East to grow local team – Paul Eaton  

Building out a local team in Abu Dhabi is the next part of Artex’s expansion in the Middle East, according to Paul Eaton, CEO of Artex International. 

Gallagher appointed Hassan Ashtari as senior executive officer (SEO) of its Middle East joint venture in February, with Artex offering alternative risk management solutions in the Abu Dhabi Global Market (ADGM).  

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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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