HDI Global has introduced climate risk reporting to assist clients with physical climate risk analysis, in line with EU taxonomy guidelines.

Convergence aims to target the insurance of credit risk portfolios, addressing the growing needs for portfolio solutions among banks and global financial institutions.

Previously, MacKay served as assistant vice president at Global Captive Management for more than seven years.

Previously, he led European broking solutions at Guy Carpenter for more than three years.

Based in Mumbai, he will report to George Attard, CEO of Aon Reinsurance Solutions in Asia Pacific, and join the region’s reinsurance executive committee.

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.