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.

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.

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