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The reinsurance market has experienced a solid 12 months, demonstrated by Fitch Ratings’ revision of its global reinsurance sector outlook to ‘neutral’ from ‘improving,’ even as it feels the reinsurance pricing cycle has most likely passed its peak.

 The best underwriting conditions in two decades drove record profits in 2023, with a positive trajectory continuing into the start of 2024, testament to the performance of those featured in this year's ReInsurance Business Hot List (full article here), as they have been crucial in guiding the sector through such a vital period.

While hundreds of candidates were considered, 59 key figures were selected for their leadership, innovation, and industry contributions.

Captives Insure has revolutionized the captive insurance industry with the introduction of a groundbreaking open distribution, turnkey captive reinsurance solution. This innovative program offers a comprehensive range of coverage options, including property, builders risk, workers' compensation, auto liability/physical damage, general liability, professional liability, excess/umbrella, dealers open lot, inland marine, and cargo.

Expanded Coverage and Global Reach

The program's versatility extends to specialized areas such as:

• Natural catastrophe (NATCAT) coverage
• Subsidized/affordable habitational insurance
• New York Labor Law coverage

With an impressive geographical scope, this solution is available in all 50 U.S. states and 160 countries worldwide.

Impressive Financial Performance

In the past 18 months, the program has demonstrated remarkable success:

• Reinsurance premium returns to captives ranging from 50% to 85% of GWP
• Approximately $41 million in combined returns to clients

The financial benefits for participating businesses have been substantial:

• Incurred loss ratio of less than 10% across accounts
• Many captives receiving a surplus of about 90% of the retained reinsurance premium

This solution has been particularly impactful for high-performing businesses, allowing them to participate in their risk management strategies similarly to Fortune 500 and Global 1000 entities. It has proven especially valuable for well-managed businesses in challenging industries such as affordable housing, multifamily real estate, and agriculture, which often face escalating insurance premiums. By providing these businesses with greater control over their insurance costs and risk management, Captive Insure's innovative solution is helping to level the playing field and offering a powerful tool for financial optimization and risk mitigation. Contact C.I. today to ensure you have the best solution for your captive insurance strategy.