Captives becoming a permanent part of risk strategy as role evolves

Captive owners are increasingly viewing their captives as long-term strategic assets rather than cyclical responses to hard insurance markets.

That’s according to Nancy Gray, Aon’s regional managing director for captive and insurance management for the Americas, speaking in a fireside chat the Captive Review USA Conference yesterday.

Gray said captive owners are no longer waiting for insurance market conditions to deteriorate before expanding their use of captives.

“More boards and risk managers see the captive as part of an enduring risk financing strategy,” she said, noting that organisations are increasingly reluctant to give up the transparency, control and capital optimisation benefits their captives provide.”

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