The popularity of captive insurance innovations has skyrocketed. Though traditionally used by large companies, small and mid-sized companies are forming them to gain direct access to reinsurance markets, customized insurance coverage that fills gaps in the commercial market, access to accrued investment income, and incentive to improve loss control.
With so much uncertainty in the world, the reasons to form a captive have never been more persuasive. Joining RIMScast to discuss the state of the market in 2023 and how risk managers can use more or new captives is Steven Bauman AXA XL's Global Programs & Captives Director, Americas.
Listeners will learn about:
- Key captive market trends and growth areas including cyber and climate risk
- How captives are utilized by Fortune 500 companies
- The emergence of Middle Market Group and new captives
- AXA XL’s approach to partnerships in North America and internationally
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