Captive News

Global captive market updates, regulatory news and industry insights

UK Proposes to Raise Insurance Premium Tax Rate

UK Chancellor of the Exchequer George Osborne announced an increase in the insurance premium tax from 9.5% to 10%, and said that £700 million of the additional revenue would be used for flood prevention.

2016-03-16

Author：Editorial Team
Tennessee Revises Captive Tax Legislation, Clarifying the Self-Procurement Tax

Tennessee's enhanced bill clarifies the levy of a self-procurement tax. The state enacted relevant legislation long ago, requiring the tax to be levied on parent companies that cede premiums out of the state, but it was not strictly enforced in practice. The amendment passed in April 2015 clarifies the collection requirements and the 5% tax rate for this tax.

2016-03-09

Author：Editorial Team
Artex to Acquire Kane, the World's Largest Independent Captive Manager

According to China Captive Network, Artex Risk Solutions, the captive management arm of Arthur J. Gallagher & Co., is close to reaching an agreement to acquire independent captive management company Kane. The M&A deal is expected to be completed by the end of February.

2016-02-17

Author：Editorial Team
Utah Sees Net Increase of 28 Captive Insurers

According to data provided by the Utah Insurance Department, 66 new captive insurers were registered in Utah in 2015, bringing the total number of captives to 447 (excluding cell captives), a net increase of 28 over the previous year. During the year, 38 captives were dissolved.

2016-01-22

Author：Editorial Team
Luxembourg Captive Market Faces Uncertainty under Solvency II

With the European Union set to implement the Solvency II regulatory regime on January 1, 2016, the development of Luxembourg's captive market faces uncertainty.

2016-01-22

Author：Editorial Team
Number of Captive Insurers in the Cayman Islands Falls Sharply

A Cayman Islands Monetary Authority report indicates that, compared with 2014, the number of Class B, C and D captive licences fell from 760 to 708 in 2015, a significant decrease of 52. A total of 25 new Class B, C and D captive licences were established during 2015.

2016-01-20

Author：Editorial Team
Texas Adds 9 Captive Insurers in 2015

In 2015, the Texas Department of Insurance newly approved 10 captive insurers, bringing the total number of captives in the state to 21.

2016-01-15

Author：Editorial Team
UK Sets Up Catastrophe Bond Working Group, Aiming to Make London a Centre Market

The UK has assembled a panel of experts to advise on making the country a centre market for catastrophe bonds—bonds that insurers use to hedge against disasters or other costly events, such as hurricanes or a lottery jackpot payout.

2015-05-27

Author：Editorial Team
AIG Establishes a Sponsored Captive Insurance Company

American International Group has established a sponsored captive insurance company in Vermont to protect its U.S. clients' non-traditional risk financing vehicles. American International Group has established a sponsored captive insurance company in Vermont to protect its U.S. clients' non-traditional risk financing vehicles.

2002-06-21

Author：Editorial Team
Malaysia to Launch the MADANI Captive Insurance Programme

The MADANI Captive Insurance Programme is a national-level risk-financing initiative launched in Malaysia's 2026 Budget. There is no single complete official document; the information herein is drawn from the Labuan FSA's public market reports and industry coverage by Captive Insurance Times. As of October 2026 the programme is at the institutional design stage, with no formally licensed and operating captive entity yet. The actual landing structure, the list of participating SOEs, and capital scale will be updated in subsequent policy documents.

1970-01-01

Author：Editorial Team

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