- Growing number of carriers entering family office space
- More families with lower levels of wealth utilising family offices
- Family offices write a wide array of risks due to diverse operations
There is an unrealised capacity when it comes to family offices utilising captive insurance to enhance risk management strategies and their premium spend amid a more uncertain global landscape.
A family office is a private wealth management firm that serves the needs of a single family or a group of closely related families.
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