Gallagher brings captives to private clients

Gallagher has launched a new multi-member personal insurance captive – designed specifically for the high-net-worth market. This new solution enhances its US Private Client offering by introducing greater flexibility, control and product optionality for its clients.

The company said that it's new Private Client Signature Captive provides access to residential property, contents and valuables coverage through an AM Best A++ (Superior) carrier and in partnership with Artex, Gallagher’s wholly owned subsidiary for alternative risk and capital. The structure enables high-net-worth individuals to collectively insure their unique assets while participating in the financial performance of the program when claims experience is favourable.

“Gallagher Private Client is proud to introduce a new market solution – bringing a proven commercial risk-financing strategy into the personal insurance space in a meaningful way,” says Laila Brabander, president, Gallagher Private Client. “The Private Client Signature Captive creates a new category for our industry, offering clients greater transparency and the opportunity to benefit financially from their strong risk management.”

Frank McMackin, president, Artex North America, adds: “Partnering with Gallagher Private Client allows us to deliver a level of risk sophistication usually reserved for large corporations. The Private Client Signature Captive combines elite coverage with the financial efficiency of alternative risk structures, enabling individuals to collectively unlock greater control over their assets and returns.”

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