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Paul Sykes departs Aon after 33 years

Paul Sykes leaves Aon after 33 years with the firm, ending a career spanning Guernsey's captive, protected cell and insurance-linked securities (ILS) sectors.

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DARAG completes worldwide reinsurance portfolio transfer

DARAG Group completes a portfolio transfer agreement (PTA) covering a worldwide reinsurance book, the legacy acquirer announces.

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Smith + Howard secures TPG investment to fund national expansion

Smith + Howard, a US assurance, tax, advisory and wealth management firm whose practice includes insurance captives, secures a significant investment from TPG, the global alternative asset manager.

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ICEYE raises €1bn Series F in boost for satellite cat-risk data

ICEYE, the Finnish operator of the world's largest synthetic aperture radar (SAR) satellite constellation, raises more than €1 billion in a Series F round, with potential read-across for the parametric and catastrophe risk market.

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SCIA confirms speaker line-up for Asia Pacific Captive Forum

The Singapore Captive Insurance Association confirms the programme and speaker line-up for its Asia Pacific Captive Forum 2026, which takes place on 2 July 2026 at New Bahru School Hall in Singapore.

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USQRisk promotes Chris Giuffre to president

USQRisk promotes Chris Giuffre to president, effective immediately. With the appointment, Michael Zipper relinquishes the president title but remains co-CEO alongside Parag Bavishi, co-CEO and chief underwriting officer.

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AM Best affirms credit ratings of Sooner Insurance Company

AM Best affirms the financial strength rating of 'A' (Excellent) and the long-term issuer credit rating of 'a+' (Excellent) of Sooner Insurance Company. The outlook of these ratings is stable.

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Ross Automotive Consultants launches captive programme for auto dealers

Ross Automotive Consultants partners with Captive Risk Management to launch an insurance programme designed to cover US auto dealers against wind and hail exposure.

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Beazley strengthens Bermuda presence with new ART head and office

Beazley appoints Stefan Wunderlich as head of ART, expanding his remit alongside his existing role as head of parametric. He will relocate to Bermuda, subject to immigration approval.

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Lloyds Banking Group names Daniel Sims to lead newly created captive insurance team

Lloyds Banking Group appoints Daniel Sims as director, head of captive insurance, joining the bank's newly created captive insurance team.

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Pinnacle expands captive actuarial reach in Bermuda and Canada

Pinnacle Actuarial Resources, Inc. acquires Bermuda-based Ordinance Holdings Limited and the renewal rights for clients of Canadian firm Grape Bay Actuarial Consulting Inc., effective 30 June 2026.

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Davies' McMahon receives 2026 Fred Reiss Lifetime Achievement Award

Thomas McMahon, executive vice president at Davies Captive Management Bermuda, receives the 2026 Fred Reiss Lifetime Achievement Award in recognition of his decades of leadership, advocacy and service to Bermuda's captive insurance industry.

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