According to a new benchmarking report published by Marsh, the number of captive insurers writing non-traditional coverage lines rose 11% overall in 2014.
The number of captives writing political risk coverage increased 83% last year, while supply chain rose 50% and cyber liability increased 18%. High excess coverages were up 37.5%.
Captives were once the province of Fortune 500 and Financial Times Stock Exchange 100 companies, but Marsh reports that captives now can provide benefits to organizations of all sizes, industries and geographic orientation. Captives have been rapidly expanding throughout the middle market space.
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