As commercial property insurance rates moderate, the value and relevance of captive insurance companies isn’t expected to fade away.
A panel of experts discussed the state and evolution of the captive sphere during a presentation at the RIMS RiskWorld conference earlier this month. Those experts seemed to agree: While hard markets often act as a catalyst, the decision to form or expand a captive is not just a short-term reaction.
“The long-term rationale is much more strategic,” said Ariana Scherzinger, moderator of the panel and group head of captives for Zurich Insurance.
Marsh defines captive ins