Market News

Captive insurance company closure involves financial, regulatory, and operational planning. Key considerations include managing outstanding claims, regulatory approval, tax implications, and exit strategies such as runoff, commutation, or novation. Engaging expert advisers ensures a smooth transition while minimizing risks and maintaining compliance with domicile regulations. Read More

The Vermont Captive Insurance Association (VCIA) "2024 Impact Report" details key developments in captive insurance, including legislative advocacy, regulatory changes, industry education, and conference insights. The report highlights Vermont's regulatory leadership, federal policy discussions, and strategic initiatives for 2025, including website enhancements and expanded engagement efforts in the captive insurance sector. Read More

Hawaii's captive insurance industry expanded to 272 captives in 2024. US-based organizations accounted for most captives, with Asia-Pacific and Europe following. Construction and real estate led captive ownership, alongside telecommunications, manufacturing, financial services, and health care, reflecting continued growth in alternative risk financing. Read More

Aon has introduced an employee benefits cell captive facility, offering multinational companies an alternative risk transfer approach for self-insuring employee benefits. The facility, operated through Aon's White Rock, a protected cell company, allows businesses to use a captive insurance structure while reducing costs and administrative complexity compared to traditional captives. Read More

Julie Patel has been promoted to Americas captive consulting leader at Marsh Captive Solutions. Recognized as a 2024 captives power broker, she brings expertise in captive insurance, including feasibility studies for major corporations. Patel now leads captive consulting across the United States, Canada, and Latin America, succeeding Michael Serricchio. Read More