What Global Captive Management does

Global Captive Management Ltd. (GCM) is a Cayman Islands-based captive insurance management firm founded in 1982 by Peter MacKay and headquartered in Grand Cayman. The company manages captive insurance structures on behalf of enterprises seeking alternative risk-financing solutions, including single-parent captives, group captives, association captives, agency captives, segregated portfolio companies (SPCs), and portfolio insurance companies (PICs). As of end-2025, GCM managed 65 insurance entities in the Cayman Islands domicile. GCM is a subsidiary of US insurance brokerage Holmes Murphy, which acquired the company in September 2019; it also maintains a two-decade partnership with sister company Innovative Captive Strategies (ICS), through which the two firms jointly manage 25 property and casualty group captive structures covering 1,200 members, $700M in premium, and $500M in cumulative profit distributions returned to members.

GCM's core service offering spans captive formation and licensing, financial and operational management (including audited statements, budgets, and variance analysis), cash and investment management, regulatory and corporate compliance, and claims management. In 2025 the company launched Outcomes SPC, its own branded segregated portfolio company providing a streamlined entry point for organizations seeking captive economics without forming a standalone entity. The technology stack is composed of regulatory compliance systems, financial reporting tools, and cash management infrastructure rather than a unified proprietary software platform. The firm serves healthcare organizations (historically approximately 30% of Cayman insurers), mid-size enterprises pooling into group captives, construction firms, franchise networks, and government and municipal self-insurance pools.

The business operates a professional services revenue model, earning customized captive management fees on multi-year contracts with pricing negotiated based on program complexity, captive structure, and scope of services. Go-to-market is direct and relationship-driven, combining enterprise field sales, inside sales with dedicated phone and email intake, content marketing through a company insights blog, industry conference participation, and professional referral channels. The leadership team comprises a President (Alanna Trundle), a COO (Jennifer Reid), and five Vice Presidents — predominantly chartered accountants with prior tenure at Big Four firms including Deloitte, KPMG, PwC, and Mazars, with one VP (James Trundle) having previously regulated the captive industry at the Cayman Islands Monetary Authority. The customer base spans multi-decade enterprise relationships including Eastern Re (since 1993), Mercy Medical Center (since 1997), Magnolia Manor (nearly 20 years), and Structural Group (since 2003).

Name

Global Captive Management

Legal name

Global Captive Management LTD

Website

https://global.ky

Company type

Private

Founded year

1982

Operating status

Operating

Headcount range

11–50 employees

Short description

Global Captive Management, founded in 1982 in the Cayman Islands, is a captive insurance manager providing formation, financial, regulatory, and claims management services for single-parent, group, association, agency, and SPC captives serving healthcare, construction, franchise, and municipal enterprises.

Ownership category

akta.pro rank

Product category

Captive Insurance Management Services

NAICS

Insurance Carriers and Related Activities (524), Direct Property and Casualty Insurance Carriers (524126)

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Captive Insurance Advisory & Management (FSAEADAF)

akta.pro secondary industry

Stop-Loss & Reinsurance Administration (Captive/Level-Funded Support) (HLAEALAB)

Keywords

• Captive insurance management
• Alternative risk solutions
• Segregated portfolio companies
• Insurance program administration
• Regulatory compliance services

Headquarters

HQ city

Grand Cayman

HQ country

Cayman Islands

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Captive Insurance Management Fees: GCM generates revenue through professional services fees for managing captive insurance programs. Services include captive formation and licensing, financial and operational management, and ongoing administration. As a captive manager, GCM charges fees for coordinating audits, maintaining books and records, preparing financial statements, managing cash balances, regulatory compliance, and claims management.

Pricing tiers

Go-to-market motion3 records

Distribution channels2 records

Marketing channels5 records

Core offering

Global Captive Management provides captive insurance management services to organizations seeking alternative risk financing. The firm handles captive formation and licensing, ongoing financial and operational management, cash management, claims management, and regulatory compliance for structures including single-parent captives, group captives, association captives, agency captives, segregated portfolio companies (SPCs), and section 953(d) captives. In 2025, GCM launched Outcomes SPC, its own branded SPC offering a lower-cost entry point into captive insurance.

Product overview

Global Captive Management (GCM) is a Cayman Islands-based captive insurance manager offering a comprehensive suite of services centered around captive insurance management. The core offering consists of captive formation and licensing, financial and operational management, cash management, claims management, and regulatory compliance services. GCM manages various captive structures including single-parent captives, group captives, association captives, agency captives, and segregated portfolio companies (SPCs). In 2025, GCM launched Outcomes SPC as its own branded segregated portfolio company solution, providing a cost-effective entry point for organizations seeking captive insurance without forming a standalone entity. The company also offers portfolio insurance company (PIC) structures as part of its product portfolio.

Differentiator

Problem solved

Functional benefit

Brands

• Outcomes SPC: A segregated portfolio company (SPC) solution providing a cost-effective, streamlined way for organizations to enter the captive insurance space without forming a standalone entity

Products and services

• Outcomes SPC A segregated portfolio company (SPC) solution providing organizations with a flexible and cost-effective entry point into captive insurance, allowing different insurance programs to operate independently within the same legal entity while keeping assets and liabilities fully separate. Targeted at organizations that want captive benefits without standalone entity formation costs.
• Captive Formation & Licensing End-to-end guidance through the process of setting up a captive insurance company, including documenting business purpose, exploring feasibility, understanding tax consequences, and license applications in accordance with appropriate insurance law. Designed for organizations establishing new captive structures.
• Financial & Operational Management Comprehensive financial reporting services including coordinating annual audits, maintaining books and records, preparing tailored management financials, annual audited financial statements, analytical reports, and annual budgets with detailed variance analysis for captive insurance companies.
• Cash Management Monitors investments to ensure compliance with approved investment policies, manages cash balances, invests excess funds as directed, and executes payments in line with bank mandates for captive insurance clients.
• Regulations & General Office Management Coordinates shareholders, directors, and committees to ensure captive insurance companies meet goals and location regulations, including anti-money laundering, economic substance, corporate by-laws, data privacy, and registered office services.
• Claims Management Reviews and analyses claims to ensure compliance and claim payments with policy limits, assists with credentialing and claims history requests, and coordinates with appointed actuaries and third-party administrators for captive insurance clients.
• Single-Parent Captive Management Captive insurance management services for entities owned and controlled by a single-parent organization, company, partnership, trust, or individual. Provides full lifecycle captive services for organizations with sufficient scale to operate a standalone captive.
• Group Captive Management Captive management for groups of unrelated individuals or organizations that come together to form a captive, providing economies of scale and potential for greater risk distribution. Suitable for organizations too small to support standalone captive costs.
• Association Captive Management Captive management services for association-owned captives where the association sponsors or owns the captive on behalf of its members. Designed for industry associations pooling member risk.
• Agency Captive Management Captive management for agency-owned captives where the agency places both its own risk and the risk of the agency's clients into the captive. Supports insurance agency captive arrangements.
• Portfolio Insurance Company (PIC) A Cayman Islands legal structure where a cell of an SPC incorporates as a separate entity, holding voting shares while program participants own non-voting shares with profit rights, offering additional governance and contracting flexibility.

Quantifiable outcome

• $500M in profit distributions returned to members
• +2 more outcomes

Named customers4 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Six partnerships are on record, tiered core and minor.

• Innovative Captive Strategies (ICS)coreStrategic or Co-development PartnerGCM partners with its sister company Innovative Captive Strategies (ICS), supporting several of ICS' captive programs through a professional relationship spanning more than two decades. Together they manage 25 property and casualty group captive structures with 1,200 members, $700M in premium, and $500M in profit distributions returned to members.
• Innovative Captive Strategies for U.S. Domestic CaptivescoreStrategic or Co-development PartnerGCM works with Innovative Captive Strategies for U.S. domestic captives, combining knowledge of onshore and offshore domiciles to deliver solutions that are not one-size-fits-all. ICS' Consulting & Management division oversees 36 captives across 9 U.S. domiciles.
• Insurance Managers Association of Cayman (IMAC)minorOthersGCM is a long-standing member of IMAC and team members actively serve across multiple IMAC committees. GCM supports IMAC's Gala & Scholarship Fundraiser and participates in the IMAC Golf Scramble, which has raised over $5 million for scholarships since 1994.
• Cayman FinanceminorOthersGCM is a member of Cayman Finance, reinforcing commitment to responsible industry leadership and collaboration in the Cayman Islands financial services sector.
• Cayman Islands Reinsurance Association (CIRCA)minorOthersGCM is a member of CIRCA, reinforcing commitment to responsible industry leadership and collaboration in the reinsurance sector.
• Holmes Murphy Community Footprints ProgramminorGTM or Marketing PartnerGCM participates in Holmes Murphy's Community Footprints Program, which empowers employees to help determine where the company directs charitable giving. The program allocates $100USD per employee, creating a collective pool of funds awarded to nonprofit organizations voted on by employees.

Scale indicators7 records

Recent moves11 records

Expansion highlights6 records

Direct peers

• Artex Risk Solutions: One of the largest independent captive insurance managers globally, formerly known as Kane. Directly comparable to GCM with multi-jurisdictional captive management; notably, GCM VP James Trundle previously spent 11 years at Kane/Artex, indicating identical service scope.
• Captive Resources: Specialist group captive management firm focused on association, industry, and member-owned group captives. Directly comparable to GCM's group captive and Outcomes SPC offerings for mid-market organizations.
• Strategic Risk Solutions (SRS): Independent captive management firm serving mid-market and enterprise organizations with comparable SPC, group captive, and single-parent structures. Closely aligned with GCM in scale, customer profile, and service scope.

Broad incumbents

• Davies Captive Management: Captive and insurance management services arm of Davies Group, a UK-based professional services and claims management firm. Competes with GCM in forming and administering captive insurance vehicles across multiple jurisdictions.
• Aon Captive Solutions: Captive insurance and alternative risk practice within Aon, a global professional services firm. Targets the same enterprise/mid-market captive clients as GCM but with substantially broader risk consulting capabilities.
• WTW Captive Practice: Willis Towers Watson's captive insurance and group captive management services compete directly with GCM's group captive and SPC offerings, embedded within a global advisory and brokerage platform.
• Marsh Captive Solutions: Captive management arm of Marsh McLennan, the world's largest insurance broker. Overlaps directly with GCM's captive formation and management services but operates as part of a much broader insurance brokerage and risk advisory portfolio.

Regional players

• Sovereign Insurance (Bermuda): Bermuda-domiciled captive and insurance management firm providing comparable formation, accounting, and regulatory services. Closest geography-based peer for GCM's Cayman operations serving North American clients.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/global-captive-management-ltd
• Facebookfacebook.com/globalcaptivemanagement

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Global Captive Management