- Political violence not a common line written through captives
- Sharp focus on 1.1 renewals as hardening PV market reduces capacity and tightens coverage
- More buyers may use their captive to show reinsurance markets they have skin in the game
Global instability, largely caused by Russia’s invasion of Ukraine, could lead to insurance buyers seriously assessing the feasibility of writing political violence risks (PV) through their captives for the first time.
One broker indicated that some larger clients have already started enquiring about writing political violence risks through their captives.
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