One of the key advantages of captive insurance is the ability to achieve pricing stability. As a captive matures and accumulates capital and surplus, it becomes better equipped to retain risk and insulate itself from fluctuations in the commercial insurance market.
A large international industrial client approached C.I. to perform a comprehensive Enterprise Risk Assessment to uncover any risks their business may be exposed to. Their primary concern being the exposure to international trade credit risk to protect the insured businesses from losses related to buyers’ non-payment of commercial debts.
The Cayman Captive Forum 2024, held in the Cayman Islands, showcased the jurisdiction's prominence in the global captive insurance industry. The forum opened with remarks from Kieran Mehigan, managing director of Marsh and chairman of the Insurance Managers Association of Cayman (IMAC). He emphasized the conference's growth and international appeal, noting that it was fully sold out.
With the recent multiple CAT events experienced in Florida, Parametric coverage can be a way to provide peace of mind for the financial health of your captive insurance company.
The cyber reinsurance market is evolving significantly in 2024, characterized by growth, increased stability, and adaptation to emerging risks. Here are the key developments:
Heavy CAT losses in 2024 are driving what could be a tumultuous 2025 renewal season.
A Texas based property management/development company turned to Captives Insure (“C.I.”) for an alternative means of procuring their General Liability and Property coverage
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