This proposal follows the mention of micro-captives on its 2023 list.
The state is known as the largest captive domicile in the US, followed by Utah and North Carolina, holding 439 and 311 respectively.
The initiative also involves Nayms, a crypto-compatible insurance marketplace, and Copper.co, a digital asset custodian.
In this role, he will be responsible for new business development across the Asia Pacific region, supporting client relationships in the key areas of credit, bond and political risk.
The state currently hosts 311 captive entities, up from 294 in 2022, with Utah holding 439 and Vermont licensing 659.
In her expanded role at Lloyd’s, Miller will continue to lead the commercial directorate and remain a member of Lloyd’s executive committee.
Rory MacGregor, divisional head of non-marine, will be promoted to head of underwriting.
The firm says it could reduce carriers' loss ratios by up to 10 points.
