Holmes Murphy acquires independent captive management firm

Holmes Murphy has acquired the independent captive management company Global Captive Management (GCM). Founded in 1982, GCM is considered one of the largest independently-owned captive managers in the world. The company operates in three locations: Cayman Islands, South Carolina, and New Jersey. GCM has collaborated with Holmes Murphy in the past, and has even managed several captive programs of Innovative Captive Strategies (ICS) – a subsidiary of Holmes Murphy. “Our relationship with GCM has strengthened over the years, and we are confident that this partnership will position us to be even more competitive as we embrace future business opportunities,” commented Holmes Murphy chairman and CEO Dan Keough.