Purbeck said the creation of Purbeck Re is an “exceptional development” for the MGA market and marks a significant step in the company’s long-term commitment to support UK SME owners and directors.

In her new role, Stewart will lead the global captive management, segregated cell and advisory groups within AIG Captive Solutions.

Esme Gould and Nick Pritchard, of Zurich Insurance Company UK, discuss the state of the commercial cyber market and the current trends in how corporates are using their captive.

Consolidation in the healthcare market has resulted in less demand from the historically popular sector, though sustained and rising interest from group captives, reinsurers, MGAs, and ILS transactions is broadening the jurisdiction’s scope and reinforcing its role as a global captive and (re)insurance hub. 

Procter brings more than a decade of experience in the insurance and reinsurance sector, with a strong focus on captive structures and alternative risk vehicles.

The captive was originally formed as a pure captive but has since transformed into a segregated portfolio company (SPC) structure.

In this GCP Short we take a closer look at captive employee benefits developments in the Middle East and Gulf region.

Episode 128 of the Global Captive Podcast was recorded at the 2025 Cayman Captive Forum by our senior reporter Luke Harrison.