New ART-focused MGA Laplace launches

Laplace Alternative Risk Solutions, a newly formed managing general underwriter (MGU) focused on alternative risk transfer (ART) solutions for large corporate insureds with complex, and hard-to-place risks, has launched. It will offer structured insurance programmes.

Laplace focuses exclusively on ART, designing custom-built, multi-year programmes that blend self-funding mechanisms with excess-of-loss protection. It claims these programmes enable insureds to retain a portion of their premium within the structure, creating potential for profit participation if losses remain low. 

Laplace’s programmes are backed by highly rated capacity (A- IX or better), with current limits starting at $10 million per occurrence and $10 million in aggregate. The company offers both multi-line and mono-line programmes, with coverage available across Property, General Liability, Auto Liability (buffer), Miscellaneous Professional Liability, D&O, and additional lines. Laplace also offers facultative reinsurance to captives and carriers for structured solutions. 

Laplace was founded by CEO Richard Zhang, an ART specialist with more than 30 years of global insurance experience. 

“Traditional insurance markets are struggling to keep pace with the scale, complexity, and volatility of today’s commercial risks,” said Zhang. “Structured solutions offer large companies a more stable, capital-efficient way to manage exposures that the standard market often avoids. As premiums rise and capacity tightens, demand is accelerating for tailored programs that blend risk retention with intelligent risk transfer.”

Joining Zhang is chief actuary Edmund Scanlon, who brings more than 35 years of actuarial and underwriting experience to Laplace. 

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