Captive Intelligence

Isa Ennadifi has joined Carnovis Specialty as senior underwriter. Carnovis underwrites alternative risk transfer (ART) solutions, providing tailored coverage across treaty and direct structures. Subscribe to Ci Premium to continue reading Captive Intelligence provides high-value information, industry analysis, exclusive interviews and business intelligence tools to professionals in the captive insurance market.

Artex Global CEO Zeb Holt has left the company to join Florida-headquartered GlobalHR as CEO, succeeding Peter Newman who is retiring. DecisionHR, is a provider of professional employer organisation (PEO) and HR outsourcing solutions for small and mid-sized businesses. Subscribe to Ci Premium to continue reading Captive Intelligence provides high-value information, industry analysis, exclusive interviews and business intelligence tools to professionals in the captive insurance market.

Sweden has licenced its first captive of 2026, owned by a top 50 firm listed on the Swedish Nasdaq. Finansinspektionen (the Swedish Financial Supervisory Authority) licenced the latest captive on 22 June. Subscribe to Ci Premium to continue reading Captive Intelligence provides high-value information, industry analysis, exclusive interviews and business intelligence tools to professionals in the captive insurance market.

ByteDance, the fast-growing Chinese multinational which owns TikTok, has received in-principle approval from the Lloyd’s Council to launch its own Captive Syndicate. ByteDance was founded in Beijing, China in 2012, and today is a global internet and artificial intelligence multinational.

Dawn Hiestand, Artex Risk Solutions Beth Jacobsen, Artex Risk Solutions In this GCP Short, produced in partnership with ⁠Artex Risk Solutions⁠, we focus on what is driving growth in America’s group captive market. Richard is joined by and Dawn Hiestand, Chief Underwriting Officer and Head of Captives for Artex North America, and Beth Jacobsen, Executive Vice President of Captive Management in North America.

Belgium-headquartered Katoen Natie has added war risks to its captive to cover assets in Moldova, close to the war in Ukraine, and Estonia, near the Russian border, where such risks are excluded from its traditional insurance policies. The firm is also exploring adding trucking liability in the United States to the captive as commercial market premiums continue to rise. Katoen Natie is a global logistics, port-operating and engineering services provider founded in 1854.

SRS Altitude, the managing general underwriter (MGU) specialising in providing alternative risk transfer solutions to corporate clients and captives, has appointed New Jersey-based Joe Sullivan as head of ART for North America. Sullivan joined the firm on 2 November to support the continued growth of its North American ART business.

Texas’ temporary premium tax amnesty for non-admitted captives could prompt some captive owners to reconsider where their captives are domiciled, although industry observers are divided on whether it will result in a meaningful wave of re-domestications. The amnesty, launched by the Texas Comptroller of Public Accounts in July, has already prompted outreach to companies with potential exposure to the state’s unauthorised insurance premium tax.

Paul Moles, Reynolds Consumer Products In this GCP Short, produced in partnership with ⁠EY⁠, Richard is joined by Andrew Christie, managing director and captive insurance practice co-leader at EY, and Paul Moles, vice president of tax & risk at Reynolds Consumer Products.

The Isle of Man Financial Services Authority (IOMFSA) is reviewing its proposed capital and solvency framework for captives to ensure it is proportionate and competitive with other domiciles, including the United Kingdom’s planned captive regime. In a feedback statement issued on 12 October, the IOMFSA confirmed that it had commenced the review, which remains ongoing.