The hardening market has encouraged commercial property companies to reconsider their insurance arrangements. Captives offer numerous advantages that can translate to better or cheaper coverage, says Gary Osborne of Risk Partners.
For the first time in a long while rates are on the rise across almost all classes of business. Although it may not seem like it to the insurance buyer, many insureds have long been beneficiaries of an artificially soft market. Now, SMEs are assessing their options, and there are several potentially attractive ones in the captives space, says Nate Reznicek of CIC Services.
A captive can be a useful tool to help a company manage its risk, but they are not suitable for everyone. Scott Bailey from Carr, Riggs and Ingram outlines some of the factors prospective captive owners should consider before taking the plunge.
An enterprise risk management micro-captive programme may not be as robust as a mega-company's ERM programme, but many of the same benefits may be achieved. Ryan Ralston, director of risk management at Elevate Captives, has the details.
It is only a matter of time before a more simplified approach to longevity swaps becomes more prevalent, Robus Insurance (Guernsey) directors Kate Storey, Frank Oldham and David Riley, explain.
Against a backdrop of high-profile failures and closures of benefit schemes, captives have become an attractive alternative over the last few years, explains David Riley, risk consultant, and Frank Oldham, strategic consultant, at Robus Group.
Delaware has introduced a ‘speed to market’ approach to setting up captives with the introduction of its conditional licensing programme. Captive International spoke with Steve Kinion about this new legislation and other developments.
Melvin Findlay, a specialist with AXA XL’s Captives and Global Programs team based in London, shares his perspective on the opportunities the captive insurance industry offers to young people.
With the right resources, accountability and proactive management, group employee benefit captives can save employers money, reduce claim costs and bend the medical trend curve, says Wendy Dine of Strategic Risk Solutions.
There are several key areas that captive owners and international regulators might wish to consider in the pursuit of optimising an insured’s risk finance strategy, as Stuart King of SRS Europe and Derick White of Strategic Risk Solutions explain.