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SiriusPoint, Holmes Murphy to offer captives umbrella excess product  

Bermuda-headquartered global specialty (re)insurer SiriusPoint has partnered with US-based broker Holmes Murphy and its subsidiary MGA Innovative Program Solutions (IPS) to launch an umbrella excess insurance product tailored to captives managed by Holmes Murphy. 

As a carrier partner, SiriusPoint will write this umbrella excess line for captive members on a non-admitted basis. 

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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.

Lara Martiner appointed Allianz Global Head of Alternative Risk Transfer

Lara Martiner will succeed Grant Maxwell as Allianz’s global head of alternative risk transfer from 1 April, overseeing structured insurance, captive fronting and parametric products.

Maxwell will depart Allianz at the end of June, while Martiner will continue in her current role as CEO of AGCS subsidiary Allianz Risk Transfer AG.

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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 Live @ CICA 2025

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David Beyer, Alaska Air
Christine Brown, State of Vermont
Jason Tyng, HDI Global
Joe McDonald, Captives.Insure
Mary Ellen Moriarty, EIIA
Courtney Claflin
Richard Cutcher, GCP

Richard hosts the latest live episode of the Global Captive Podcast, recorded in front of a live audience at the closing session of the ⁠CICA⁠ International Conference in Tucson, Arizona on 11 March, 2025.

Richard is joined by the below six guests for 30 minutes of informal captive chat and captive insurance trivia.

Jason Tyng, HDI Global

Christine Brown, State of Vermont

David Beyer, Alaska Air

Joe McDonald, Captives.Insure

Mary Ellen Moriarty, EIIA

Courtney Claflin

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

Franchisees increasingly looking to group captive models – AXA XL’s Davina 

The number franchisees looking to utilise group captive structures in the United States is growing according to Joseph Davina, SVP and head of group captives at AXA XL. 

Group captive utilisation in the US has been expanding for some time, particularly for middle market insureds, as companies increasingly pool together to combat rising insurance costs in the commercial market. 

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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 adds actuarial services to Cayman captive offering, hires Steve Papciak 

Marsh Captive Solutions’ and Oliver Wyman, both owned by Marsh McLennan, have expanded the Marsh Captive Solutions’ Cayman operations to include actuarial services for local and global insurance clients, that will be led by Steve Papciak, principal actuary at Marsh. 

In his new role, Papciak will be based in Cayman and will work closely with Marsh and Oliver Wyman to provide actuarial services, including reinsurance transactions, the establishment of affiliate companies in Cayman, risk management, financial reporting and modelling, and actuarial pricing. 

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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.

Blackwell Captive Solutions promotes Ashley Sheble to chief marketing officer 

Blackwell Captive Solutions has promoted of Ashley Sheble to the role of chief marketing officer. 

In her new position, Sheble will lead Blackwell’s marketing initiatives to enhance Blackwell’s presence, expand partnerships, and deliver solutions that provide greater control and cost predictability in the evolving benefits landscape. 

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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 PETRONAS captive 

AM Besthas affirmed the financial strength rating of ‘A’ (excellent) and the long-term issuer credit rating of “a” (excellent) of Labuan-domiciled ENERGAS Insurance. The outlook for the ratings is negative. 

ENERGAS is the single parent captive owned by Malaysian multinational oil and gas company, Petronas, that has significant underwriting focus on upstream and downstream energy risks located in Malaysia. 

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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.

Heather McClure named new CICA chair as board revamped 

Heather McClure, managing partner at Helio Risk, has been elected to chair the board of directors of the Captive Insurance Companies Association (CICA). 

McClure has been a CICA member for 15 years and has been actively involved in captive insurance for over 25 years, with her experience expanding to captive ownership and managing risk operations. 

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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.

US Congress to get CRA ball rolling against 831(b) regulations

It is expected that Tennessee Representative Mark Green will introduce legislation to the United States’ Congress that disapproves the latest ruling submitted by the Internal Revenue Service (IRS) in relation to micro captives.

The legislation is part of a joint resolution that requires both Houses to pass bills to successfully use the Congressional Review Act (CRA) in order to overturn rules finalised in the last months of a president’s term.

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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.

Momentum and confidence growing behind UK captive regime

Confidence is growing that the Treasury will proceed with the introduction of a bespoke captive regulatory regime for the United Kingdom, with a decision anticipated by May this year.

The public consultation closed on 7 February with the Treasury and Bank of England now engaging in further discussions before deciding on next steps.

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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.