Captives are one of the most innovative solutions available to corporate risk managers and allow them to develop new classes of business in a sandbox, create additional capacity and/or drive profitable underwriting. The fact this process started over 100 years ago shows how the best innovations add value for generations. In this hard market, risk retention becomes more attractive to commercial insurance buyers, and the economic arguments for forming a captive become stronger but are captives still worth it? We will explore the benefits & challenges of a captive in today’s market.
By attending this presentation attendees should be able to:
- Describe the benefits & challenges of owning a captive
- Recall the key milestones in the evolution of the captive concept