In this GCP Short, produced in partnership with Aon and HDIGlobal, and revealing more detail behind the new property group captive being established in the Cayman Islands.
Property Engineered Risk Insurance Limited (PERIL) has received a conditional licence from the Cayman Islands Monetary Authority (CIMA), and has been set up by Aon and HDI, as revealed by Captive Intelligence last week.
PERIL has 10 founding members and will be licensed as a Class B(i) captive in Cayman, managed by Aon and fronted by HDI.
Richard is joined by Tracy Williams, managing director of group captive solutions at Aon, Jason Tyng, vice president of the US Captive Solutions Group at HDI Global, and Timon Mueller, US property underwriting manager at HDI.
Tracy, Jason and Timon discuss the drivers for establishment of PERIL, why property group captives have typically been harder to get off the ground than those writing casualty lines and the kinds of companies they are expecting to join as members.
To read more about the formation of PERIL, read our exclusive Captive Intelligence story here.
For the latest news, data-driven analysis and thought leadership on the global captive market visit Captive Intelligence and sign up to our twice-weekly newsletter.
In this GCP Short, produced in partnership with the Insurance Managers Association of Cayman (IMAC), we hear whythe domicile remains a premier jurisdiction for establishing captives and includes a great captive owner case study from American healthcare company Gardant Management Solutions.
Luke is joined by Gareth van den Bergh and MichaelWild, both of Artex Risk Solutions, Kevin Poole, general manager of IMAC, and Greg Echols, co-CEO of Gardant Management Solutions, which has owned a captive in Cayman since 2018.
For more information on IMAC: https://www.imac.ky/
For more information on the Cayman Captive Forum, held 2-4 December at the Ritz-Carlton: https://www.imac.ky/events/cayman-captive-forum/
For the latest news, data-driven analysis and thought leadership on the global captive market visit Captive Intelligence and sign up to our twice-weekly newsletter.
In this GCP Short, produced in partnership with Jeometri Insurance Managers, we discuss various topics, including the recent formation of a non-admitted insurer in Guernsey, reinsurance protection and the prospects of a UK captive regime.
Richard is joined by Darren Wadley, founder and executive director, and Aaron Slattery, client services director, to discuss these areas, as well as developments in the life sector that could see further captive utilisation.
For the latest news, data-driven analysis and thought leadership on the global captive market, visit Captive Intelligence and sign up to our twice-weekly newsletter.
In this GCP Short, produced in partnership with Oliver Wyman, we explore the different ways a captive insurance company can support the business operations and growth of its parent group.
Richard is joined by Rob Ceske, Partner and Global Captive Leader at Oliver Wyman, and Michael Atkinson, Principal and actuary at the same firm.
If you are particularly interested in this topic and, particularly the strategic role of capital modelling for captives, then Oliver Wyman and Mercer are hosting a webinar on Tuesday, 21 October on this topic at 12pm Eastern Time.
A link to register and access the recoding if you cannot attend live is here.
For all the latest news, data-driven analysis and thought leadership on the global captive market, visit Captive Intelligence and sign up to our twice-weekly newsletter.
In this GCP Short, produced in partnership with HDI Global, Richard discusses supply chain risk and how captives can play a role in risk financing.
Dan Sammons, Captive Manager for HDI in the UK and Ireland, and Kate Sutcliffe, Chief Underwriting Officer for Short Tail business in the same region, explain why supply chain is a challenging area for clients and insurers, and how an insured’s captive can play an important role in facilitating a broader risk financing approach.
For the latest news, data-driven analysis and thought leadership on the global captive landscape, visit Captive Intelligence and sign up to our twice-weekly newsletter.
In this GCP Short, produced in partnership with Aon, we discuss utilising captives in a soft insurance market.
Captive formations surged in the period 2019 to 2024 when the tough commercial market was at its hardest. But according to formations tracked by Ci DataHub this year, 2025 is keeping on track for another bumper year of new captive formations.
Captives may not be wholly market cycle dependent, but how they are utilised in soft and hard markets can differ and insurance buyers can benefit from a nimble and flexible approach to how they deploy their captive.
Joining Richard for a conversation on how to get the most from a captive in a soft market is Jay Curtis, Director of EnterpriseClient Captive Solutions in the Americas for Aon, Diane Hanson, Managing Director & Head of Aon’s Vermont Captive Management Office, and Michelle D'Amico, Associate Director of Aon Risk Finance & Captive Consulting.
For the latest news, data-driven analysis and thought leadership on the global captive market visit Captive Intelligence and sign up to our twice-weekly newsletter.
In episode 126 of the Global Captive Podcast, supported by the EY Global Captive Network, Richard is joined by CICA President Dan Towle, while Senior Reporter Luke hosts a discussion with 831(b) captive owner Drake Plastics Ltd and Dustin Carlson, President of SRA 831(b) Admin.
02:11 - 14:24: CICA President Dan Towle
Further reading from Captive Intelligence:
UK has all the tools for captive success, but proportionality “key ingredient”
Captives Coming Home? … What DataHub tells us about UK-owned captives
16:06 - 31:40: Luke interviews Dustin Carlson, President of SRA 831(b) Admin, and Steven Quance, President of Drake Plastics Ltd, to explain how micro-captives are valuable risk financing and management tools, and why they are pushing back through the courts against what they see as regulatory overreach by the Internal Revenue Service in the United States.
Further reading from Captive Intelligence:
Drake Plastics files second lawsuit against IRS concerning 831(b) captives
IRS finalises 831(b) regulations, concedes on loss ratio criticism
For the latest news, data-driven analysis and thought leadership on the global captive market, visit Captive Intelligence and sign up to our twice-weekly newsletter.
In this GCP Short, produced in partnership with the Hawaii Captive Insurance Council (HCIC), Richard is joined by Paul Shimomoto, Chair of the HCIC and Partner at law firmGoodsill Anderson Quinn & Stifel, and Matt Takamine, Director of HCIC and Captive Practice Leader at Brown & Brown.
The trio discuss recent activity in the domicile, accelerating interest from Japan and its upcoming 40th anniversary as a domicile.
Matt and Paul also explain how Hawaii continues to stand out as premier captive domicile in an increasingly competitive landscape, if momentum in Japan may be about to move up a notch and why it is important that the annual Forum in October returns to Maui this year.
For the latest news, data-driven analysis and thought leadership on the global captive market, visit Captive Intelligence and sign up to our twice-weekly newsletter.
In this GCP Short, produced in partnership with the EY Global Captive Network, Richard discusses the shifting domicile landscape and the factors that go into choosing a jurisdiction.
In a 22 minute episode, Richard is joined by Mikhail Raybshteyn, Partner and Americas Captive Insurance Servicesco-leader, Ted Clabault, Managing Director at EY, and Patrick Theriault, Managing Director at Strategic Risk Solutions.
The group debates what is driving domicile selection today, how the emergence of new domiciles and so called ‘home’ options are changing the equation and where international tax initiatives such as BEPS Pillar 2 are influencing decisions.
For more information on the EY Global Captive Network, visit its Friend of the Podcast page.
For the latest news, data-driven analysis and thought leadership on the global captive market visit Captive Intelligence and sign up to our twice-weekly newsletter.
In episode 125 of the Global Captive Network, supported by the EY Global Captive Network, Richard is joined by Joe Peiser, Global CEO of Aon Commercial Risk.
Richard met Joe at the VCIA annual conference in Burlington, Vermont in August where they also spoke on the closing keynote panel together.
Joe shares his perspective on the captive market, its importance to Aon and where he sees it going in the future.
For the latest news, data-driven analysis and thought leadership on the global captive market visit Captive Intelligence and sign up to our twice-weekly newsletter.
In this GCP Short, produced in partnership with HDI Global, and we discuss international programmes and the important role captives play in facilitating them.
For multinational companies, it is common for a captive to play a role in the layers of an international programme, utilising one or more fronting partners to bring consistency across many, sometimes hundreds, of territories.
Richard is joined by Jelto Borgmann, Head of Captive Services at HDI Global, and Kerstin Kader, Head of HGN Technical Accounting and Intercompany, at the German multinational insurer.
Jelto and Kerstin discuss why international programmes are relevant for captives, how to overcome challenges and complexity such as currency fluctuations and premium transfer, and the importance of getting compliance right in every territory.
For all the latest news, data-driven analysis and thought leadership on the global captive market, visit Captive Intelligence and sign up to our twice-weekly newsletter.
In this GCP Short, produced in partnership with Guy Carpenter, Richard takes a closer look at the surge in group captive business in the United States.
Naturally on GCP we do tend to focus more on pure captives and even captive cell utilisation, but the growth in group captives, particularly in the United States, has been huge in recent year.
The US market brings large groups of mid market or smaller companies together to insure an increasing range of lines such as workers’ comp, auto, property and various liability coverages, and is opening up the captive concept to a huge pool of insureds.
Richard is joined by Rob Collins, Captive Segment Leader and Managing Director at Guy Carpenter, and Linda Johnson, Executive Vice President and Chief Underwriting Officer at Old Republic Risk Management.
Our two guests provide services to group captives across the US, and they share their views on why we are seeing such growth in this area, what is driving some of the new trends, and how to tackle certain challenges such as fronting, legacy management and reinsurance.
For the latest news, data-driven analysis and thought leadership on the global captive market, visit Captive Intelligence and sign up to our twice-weekly newsletter.
In this GCP Short, produced in partnership with Zurich Insurance, a panel of leading captive experts recreate theirpopular session at RISKWORLD 2025 to debate and discuss why property programmes continue to be such a popular addition to captive insurance companies.
Adriana Scherzinger, Global Head of Captives at Zurich, Ian Ascher, Executive Director for Global Risk Management at captive owner Jones Lang LaSalle, Sandy Bigglestone, Deputy Commissioner for Captive Insurance at the State of Vermont, and Michael Serricchio, US & Canada Regional Leader at Marsh Captive Solutions, explain how property risk is commonly structured in a captive, the drivers in both hard and soft market cycles, and the importance of definining the group’s risk appetite for such coverage.
For the latest news, analysis and thought leadership on the global captive market, visit Captive Intelligence and sign up to our twice-weekly newsletter.
In episode 124 of the Global Captive Podcast, supported by the EY Global Captive Network, Richard is joined by a host of guests to share reaction and analysis of the news that the UK will be implementing a "bespoke" and "competitive" captive insurance regime by 2027.
04.06 - 13.53: Airmic CEO Julia Graham assesses the tone and ambition of the Treasury's announcement, and explains what role Airmic has to play in the next phase of regulation design and implementation.
14.33 - 26.00: Marsh's William Thomas-Ferrand, Nick Gale and Rob Geraghty explain why they are buoyed by the announcement, what they hope to see in the final regulations and the extent of interest from prospective captive owners and existing captives.
26.38 - 33.30: David Hogg explains why Aon will be moving quick to establish a captive management company in the UK and why the UK could be an appealing destination for captives.
33.54 - 37.55: Esme Gould, of Zurich Insurance Company, shares why the insurer is excited about developments and the potential opening up of the existing PCC regime to captive business.
UK Captive reads from Captive Intelligence:
Captives Coming Home? … What DataHub tells us about UK-owned captives
UK has all the tools for captive success, but proportionality “key ingredient”
Airmic to push for proportional, risk-based UK captive regime
Aon plans UK captive management company, demand expected
For the latest news, data-driven analysis and thought leadership on the global captive market, visit Captive Intelligence and sign up to our twice-weekly newsletter.
In this GCP Short, produced in partnership with the EY Global Captive Network, Richard is joined by London-based Stephen Massey, Senior Manager in EMEIA for Financial Services (Insurance) Tax - Transfer Pricing at Ernst & Young LLP, to discuss how the international tax treatment of captives has changed over the years.
Stephen and Richard also discuss the global tax environment for captives in the context of the UK likely becoming a captive domicile in the very near future.
Stephen explains some of the reasons why a UK companymoving its captive 'home' may be advantageous from a tax simplification and compliance standpoint, in some cases.
The UK Chancellor is expected to confirm the introduction of a UK captive regime in her Mansion House speech on 15 July, which should then prompt the Bank of England and PRA to get on with designing the regulatory framework to hopefully be ready for launch by early 2026 or sooner.
As ever we will be following this story closely on Captive Intelligence so do make sure you are visiting our website and signed up to our twice-weekly newsletter.
The views expressed in this podcast are those of the individual and do not represent Ernst & Young LLP. The content is intended for general information only and is not being provided as tax advice – instead, listeners should contact their usual professional advisors for specific advice.
In this GCP Short, produced in partnership with Aon, we focus on the what, why and how of structured reinsurance, ART and parametric solutions for captives.
Richard is joined in a 20 minute conversation with London-based Guy Malyon, Strategic Broking Director at Aon in EMEAfor Complex Placements and ART, and Luc Schwartzbrod, of Aon Global Risk Consulting in France.
Guy and Luc discuss why captive owners are increasingly interested in exploring multi-year reinsurance strategies, how parametric programmes can be supported by a captive’s involvement and how these solutions are being put together.
For the latest news, thought leadership and data-driven analysis on the global captive market, visit Captive Intelligence and sign up to our twice-weekly newsletter.
In episode 123 of the Global Captive Podcast, supportedby the EY Global Captive Network, Senior Reporter Luke Harrison reports from the Bermuda Captive Conference that took place in June 2025.
Luke interviews local captive experts including Shayna Kirwan, Managing Director at Aon Bermuda and this year’s conference chair, Marsh Captive Solutions’ Michelle Sivinayson and Tanya Korff, David Gibbons at PwC Bermuda, Timae Flood, of the BMA, Allianz Commercial’s Brian McNamara and Andy Jeckells, at I-Re.
Guests discuss why Bermuda continues to be a premier captive domicile despite increasing competition worldwide, themes from this year's conference and plans for 2026.
For the latest global captive news, data-driven analysis and thought leadership visit Captive Intelligence and sign up to out twice-weekly newsletter.
In episode 122 of the Global Captive Podcast, supported by the EY Global Captive Network, Richard previews the 2025 VCIA annual conference with VCIA CEO Kevin Mead and Over the Ryan Gadapee, this year's conference chair.
The VCIA conference is celebrating its 40th year from 11-13 August at the Hilton DoubleTree in Burlington.
The deadline for early bird conference rate is June 30 and you need to have a conference ticket to have access to the VCIA block of hotel rooms. Register at VCIA.com.
For the latest news, thought leadership and data-driven analysis on the global captive market, visit Captive Intelligenceand sign up to our twice-weekly newsletter.
In this GCP Short, produced in partnership with Marsh CaptiveSolutions, we take a look at what the largest insurance manager in the world’s annual benchmarking data tells us about the captive landscape in 2024.
Rob Geraghty, International Sales and Consulting Leader, and Julie Patel, Americas Captive Consulting Leader at Marsh Captive Solutions, outline what areas they saw most captive growth in 2024, both in gross written premium and new formations, and spotlight specific sectors that appear to be particularly embracing captives right now.
For more information on Marsh Captive Solutions, visit itsFriend of the Podcast page on Captive Intelligence.
For the latest news, thought leadership and data-driven analysis on the global captive market, visit Captive Intelligenceand sign up to our twice-weekly newsletter.
In this GCP Short, produced in partnership with AXA XL, Richard is joined by three leaders in the Asia Pacific captive market to discuss activity and trends in Australia, Hong Kong, China and South East Asia.
Evelyn Pang, AXA XL's Multinational Solutions & Captive Manager in Asia, shares an update on exciting movements in Hong Kong and China, as well as latest developments in Singapore and South East Asia.
Stephen Nguyen, AXA XL's Head of Distribution, Marketing & Communications in Australia, discusses how the mature local market is utilising captives further.
Shiwei Jin, AXA XL's Head of Multinational Solutions for APAC &Europe, explains what trends she is seeing on the multinational side and, in particular, some factors driving more activity in Japan.
For the latest news, data-driven analysis and thought leadership on the global captive market, visit Captive Intelligence and sign up to our twice-weekly newsletter.