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Podcast

Empower your captive strategy with data-driven insight

Captive growth and the proposed UK Captive Framework.

07/06/2026

Welcome to The Marsh Risk Brief podcast!

The Marsh Risk Brief, is a concise and insightful podcast series designed for risk management professionals and organizations navigating the complexities of today's ever-evolving landscape. Each short episode delivers a key snapshot of critical topics that matter most to our clients.

In episode 10, host Beth Thurston speaks with Rob Geraghty and Nick Gale about data-driven insight from our 2026 Captive Benchmarking Report, including continued captive growth despite a soft market, the increasing use of captives for emerging risks such as cyber and trade credit, and the outlook for the proposed UK Captive Framework. 

Whether you are reviewing your current captive strategy or exploring ways to better control risk, optimize capital, and improve financial outcomes, this episode offers timely insight for risk and insurance professionals. Listen now to hear the full discussion and empower your risk financing strategy.

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Key Takeaways:

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Captives continue to grow despite a soft market.

New formations and increased retention show that captives remain a resilient and strategic part of risk financing.

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Emerging risks are driving captive activity.

Cyber, trade credit, and other non-traditional exposures are increasingly being placed into captives to support control, flexibility, and risk appetite.

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The proposed UK Captive Framework could open new opportunities.

With the first draft expected in 2026 and implementation targeted for mid-2027, the framework may create a more attractive captive environment for UK-based organisations.

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About our speakers:

Robert Geraghty

Robert Geraghty

International Sales and Consulting Leader, Marsh Captive Solutions

Based in London, Rob leads the sales and consulting team across the international region, driving growth and business development within consulting and management across domiciles in Europe, the Middle East and Africa (EMEA), and Asia-Pacific. He also serves as a member of the Marsh captive global executive committee. With extensive experience across the full spectrum of captive services, Rob has assisted clients with insurance company formation, structure, and strategy. Throughout his career, he has been based in several key domiciles, including London, Bermuda, Ireland, and Gibraltar.

Nick Gale

Nick Gale

Captive UK and Ireland Practice Leader, Marsh Captive Solutions

  • United Kingdom

Nick has worked in two of the longest established captive domiciles in the Americas and Europe and has extensive experience of all types of captive insurance vehicles, structures, insurance lines and industries. Nick’s team provides advice to clients on the financial, operational and strategic benefits and limitations of captive re/insurance companies and alternative risk retention vehicles.

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