Marsh Captive Solutions has three new regional leaders as William Thomas-Ferrand confirmed promotions for Michael Serricchio, Nick Gale and Stephen Portelli this week.

North Carolina’s flexible legislation and experienced regulatory team are two of the main drivers behind the jurisdiction’s steep climb to become one of the fastest growing domiciles in the United States over the past ten years.

The newly formed Georgia Captive Insurance Council (GCIC) is supporting House Bill 348, which would be the State’s first update to its captive legislation since 2019.

Chicago-headquartered Blackwell Captive Solutions, a firm focused on group medical stop loss captives, has promoted Scott Lydon to SVP, national sales.

The captive industry may be able to overturn the latest 831(b) regulations imposed by the Internal Revenue Service (IRS) using the Congressional Review Act (CRA), but a co-ordinated effort is needed from all stakeholders, according to Maggi Lazarus, attorney representing the MiniCap Coalition.

North Carolina licensed 33 new captives in 2024, taking the total number of captives in the jurisdiction to 293.

AM Best has affirmed the financial strength rating of B++ (good) and the long-term issuer credit rating of “bbb+” (Good) of UAE-domiciled Ma’aden Re Limited (MRE). The outlook for the ratings is stable.

The Ohio State University Board of Trustees has approved the formation of a single parent captive in Vermont.