Market News

CICA honored Paul Phillips with the 2025 Distinguished Service Award and Tenda with the Outstanding Captive Award. Mr. Phillips has shaped the captive insurance industry for over 30 years, while Tenda has expanded its innovative captive insurance model to serve family offices and private businesses seeking customized risk management solutions. Read More

University of Wisconsin–Madison students won the CICA captive insurance essay contest, securing cash prizes and a chance to present at the CICA Conference. Sponsored by Hylant GCS, the contest encourages students to explore risk management solutions, with winning essays published by Captive Insurance Times to promote industry education. Read More

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