In response to today’s risk and insurance landscape, more organizations are using captives for insurance protection and financial flexibility, which is creating a broader market for captive insurance.
According to Marsh’s 2020 Captive Landscape Report, the 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 283.0% on average in 2019. All-risk property premiums rose 64.0% on average, led by the energy and financial institutions sectors, which saw all-risk property premiums rise 151.0% and 104.0%, respectively. Marsh formed a record 76 new captive insurance companies from January through July of 2020, up over 200.0% compared to the same period in 2019. SOURCE:https://www.insurancejournal.com/news/national/2020/09/24/583949.htm This Post is for informational purposes only and does not constitute an offer, invitation or recommendation to buy, sell, subscribe for or issue any securities. While the information provided herein is believed to be accurate and reliable, TAG Financial Institutions Group, LLC and Ashland Securities, LLC make no representations or warranties, expressed or implied, as to the accuracy or completeness of such information. All information contained herein is preliminary, limited and subject to completion, correction or amendment. It should not be construed as investment, legal, or tax advice and may not be reproduced or distributed to any person. Certain Principals of TAG Financial Institutions Group, LLC are registered representatives of Ashland Securities, LLC Member FINRA, SIPC. TAG Financial Institutions Group, LLC and Ashland Securities, LLC are separate and unaffiliated entities. Securities and Investment Banking Services are offered through Ashland Securities, LLC. Comments are closed.
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