Zurich Insurance supports the creation of a regulatory framework for captive insurance in the UK, as the consultation window closes on 14 October.
UK captives will not receive tax incentives under the current proposals and will be taxed like other insurers, HM Treasury told the PRA's captives roundtable.
The Bermuda Monetary Authority is drafting an amendment to the Insurance Act 1978 to implement its proposed Parametric Special Purpose Insurer (PSPI) class in the fourth quarter of 2026, and intends to publish comprehensive guidance at the same time.
Verve Risk Services launches Verve Financial Institutions, a new division at the London managing general agent, and appoints Steve Redding as head of financial institutions to lead it.
Sapiens launches the Sapiens Autonomous Insurance Platform, a software as a service solution designed to embed artificial intelligence in insurers’ core policy administration systems.
MAXIS Global Benefits Network has published a whitepaper on funding GLP-1 therapies through employee benefits programmes, identifying captives as a route to greater control over eligibility, cost and wraparound care.
Marsh Re appoints Laurent Rousseau as head of international, adding Asia, Pacific, Latin America and the Caribbean to his existing Europe and IMEA remit. He continues to lead capital and advisory globally.
AM Best says the UK insurance regulator’s proposed framework for single parent captives is expected to create a regime that compares well with other established captive domiciles.
