Market News
South Carolina Captive Regulator Discusses Oversight and Emerging Risks
South Carolina captive insurance regulator Andy Noga discusses the state's approach to captive formation, financial oversight, and regulatory compliance. He examines the importance of sound risk management, effective governance, and communication with regulators as well as emerging issues involving artificial intelligence, private equity, and the future of captive regulation. Learn More
Aon, Blackstone Launch New Lloyd's Reinsurance Syndicate
Aon and Blackstone have launched Cortina syndicate 1956, a new Lloyd's reinsurance syndicate managed by QBE. Expected to begin underwriting in January 2027, pending final approval, Cortina will provide multiyear reinsurance capacity backed by institutional capital. Participating Aon clients will receive dividends based on eligible reinsurance placements. Learn More
Beyond the Rebate: 5 Questions to Ask Before Choosing a Pharmacy Benefit Manager
Selecting a pharmacy benefit manager (PBM) requires evaluating more than rebates and discounts. This article outlines five questions to help employers in medical stop-loss captives assess PBM pricing, contract transparency, clinical services, projected savings, and employee support while navigating new federal disclosure requirements and managing pharmacy costs more effectively. Read More
WTW Promotes Kisha Tyrrell to Lead Bermuda Captive Insurance Business
Willis Towers Watson (WTW) has promoted Kisha Tyrrell to head of captive and insurance management solutions in Bermuda. With more than 18 years of experience in underwriting, risk management, and governance, Tyrrell will focus on strengthening client relationships, expanding WTW's captive insurance business, enhancing service delivery, and supporting professional development across teams. Read More
Marsh Plans to Expand Captive Insurance Services to Bahrain
Marsh plans to expand its captive insurance management services into Bahrain, becoming the first international broker to offer these services in the country. The expansion strengthens Marsh's presence across the Gulf region as businesses increasingly seek alternative risk financing solutions to address emerging exposures, regulatory changes, and economic uncertainty. Read More
How Captive Insurance Can Strengthen Risk Governance Beyond Risk Transfer
Captive insurance can play a broader role in risk governance beyond traditional risk retention and transfer. Marcus Schmalbach examines how captives can help organizations define financial exposures, evaluate recoverable assets, strengthen capital allocation, and integrate risk management into financial decision-making, particularly for complex, capital-intensive projects and emerging risks. Read More
Stablecoins and Reputation Data in November CICR
The November 2026 issue of "Captive Insurance Company Reports" ("CICR") examines stablecoin regulation in Bermuda, reputation data in captive credit risk assessment, and evolving captive risk management strategies. Additional articles address captive governance, insights from the Vermont Captive Insurance Association Conference, and the role of data in accessing reinsurance capacity. Read More