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.
Continue Reading for Free
Register and gain access to:
- Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
- Informative weekly newsletter featuring news, analysis, real-world cas studies, and other critical content
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
