The first GCP Short of 2025 is produced in partnership with the EY Global Captive Network and hosted by me, Richard Cutcher.

Richard is joined by Mikhail Raybshteyn, Americas Captive Insurance Services Co-Leader at EY, and Vittorio Zaniboni, Captive & Insurance Excellence Leader for EY in Luxembourg.

Mike and Vittorio reflect on captive activity in 2024, and share their views on what to expect and look out for in 2025.

Topics include the continued domicile evolution in Europe, and how that might progress further this year, as well as the potential ramifications of a second Trump term and whether state-based self-procurement taxes may rear their head again in 2025.

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Vittorio and Mike also explain why they expect to see non-US multinationals deploy their captives to reinsure medical stop-loss exposures for their US operations and employees.

In episode 115 of the Global Captive Podcast, supported by the EY Global Captive Network, Luke brings a report from the FERMA Forum 2024, held in Madrid in October.

01.03 - 03.21: Stephen Cross and Chris Sutton, at McGill & Partners, discuss captive trends in Europe and reinsurance strategies.

04.07 - 09.30: Enrico Guarnerio, CEO of Strategica Group and president of SRS Italy, explains the latest developments in Italy and the potential of the domicile should the government and regulator create a bespoke captive regulatory regime.

09.47 - 14.28: Laurent Nihoul, chair of FERMA's captive initiative and group head of insurance at ArcelorMittal, gives his opinion on the domicile proliferation trend in Europe.

14.45 - 19.43: Maurizio Castelli, CEO or Augustas Risk and former FERMA president, discusses the global risk challenges facing organisations and the growing role for captives and alternative risk transfer.

For the latest news, analysis and thought leadership on the global captive market, visit Captive Intelligence and sign up to our twice-weekly newsletter.

This GCP Short, produced in partnership with Hylant Global Captive Solutions, welcomes Anne Marie Towle, CEO of Global Risk & Captive Solutions at Hylant, and Tony Schmidt, President of Pacific Risk Solutions, LLC in Hawaii.

Tony and Anne Marie discuss the strategic partnership between the two firms, how they work together in Hawaii and development of the Japanese captive market.

For more information on Hylant Global Captive Solutions, visit its Friend of the Podcast page here.

For the latest news, insight and thought leadership on the global captive insurance industry, visit Captive Intelligence and sign up to our twice-weekly newsletter.