29 May 2026 – PARIMA is proud to announce that two of its prominent leaders, Franck Baron and Kelvin Wu, have been recognised under the “Leading Captive Owners” category in the Captive Review Power 50 2026.
The annual Captive Review Power 50 celebrates some of the most influential professionals shaping the future of the captive insurance industry. This year’s edition received nearly 2,000 nominations, reflecting the growing depth of talent, innovation, and leadership across the global captive landscape.
Driving Innovation Through Captives
As Chief Risk Officer at International SOS, Franck Baron was recognised for overseeing the organisation’s global captive programme, anchored by its long-standing Singapore captive and recently expanded through the establishment of a US-domiciled captive. The programme plays a central role in International SOS’ risk financing strategy, helping strengthen governance, improve capital efficiency, and reduce reliance on volatile insurance markets.
Franck’s work spans multi-domicile captive development, employee benefits integration, and enterprise risk strategies, with a strong focus on leveraging technology and data to support resilience and people risk management. Franck was also the founding Chairman and Treasurer of PARIMA until December 2023, helping establish the association as a leading regional platform for risk managers across Asia-Pacific. He currently serves as President of IFRIMA, continuing to contribute to the advancement of the global risk management community.
“I’m proud to be recognised as a leading captive owner. For me, captives are not just financing tools — they are strategic platforms to strengthen resilience, optimise capital, and better support our people. This recognition reflects the impact of embedding innovation and data into how we manage risk globally,” said Franck Baron.
Kelvin Wu, Head of Insurance at Weybourne Holdings, was recognised for his leadership in implementing an employee benefits captive reinsurance programme that has rapidly expanded over the past 18 months. The initiative has become a strategic tool for managing medical inflation costs while supporting employee wellbeing initiatives across the group.
With over 18 years of experience in the risk and insurance industry, Kelvin has also played a significant role in shaping the regional risk community. He is a founding board member and Treasurer of PARIMA, and recently founded the Singapore Captive Insurance Association, where he currently serves as President.
“It’s an honour to be recognised, but more importantly, it reflects the growing relevance of captives in today’s risk environment. At their best, a captive is the focal point of an organisation’s risk strategy — connecting risk, capital and leadership, and ensuring the most important conversations happen at the C-suite and board level,” said Kelvin Wu.
Reflecting the Evolution of the Captive Market
According to Captive Review, this year’s Power 50 arrives at a time of considerable industry change, marked by leadership transitions, evolving market dynamics, and growing demand for innovative risk financing solutions. The publication noted that today’s leaders are not only responding to current challenges but actively shaping the future direction of the captive insurance sector.
Asia Pacific Captive Forum 2026
As the captive insurance landscape continues to evolve across the region, the Singapore Captive Insurance Association (SCIA) will also be launching the Asia Pacific Captive Forum (APCF), a new regional platform designed to bring together captive owners, risk leaders, regulators, and service providers to discuss the future of captive insurance in Asia-Pacific.
Forum Details:
Date: 2 July 2026
Time: 9:00AM – 6:00PM (SGT)
Location: New Bahru School Hall (Level 2)
46 Kim Yam Road, School Block, #02-02, Singapore 239351
To sign up for the forum, register here: https://captive.sg/asia-pacific-captive-forum-2026/#agenda .
