Top
image credit: Pexels

More Firms Turning to Insurance Captives in Tightening Market: Marsh

September 24, 2020

Category:

More organizations are using captives for insurance protection and financial flexibility in response to today’s risk and insurance landscape.

In its 2020 captive report, insurance broker Marsh says that that tightening global insurance market conditions throughout 2019 led to higher captive utilization with steep premium volume growth in several coverage lines. For example, supply chain, business interruption, and contingent business interruption premiums written by Marsh-managed captives rose 283% on average in 2019. All-risk property premiums rose 64% on average, led by the energy and financial institutions sectors, which saw all-risk property premiums rise 151% and 104%, respectively.

Read More on Insurance Journal