When a firm buys insurance via a centralized risk management function, it hopes to enjoy the economies of scale of the unified consolidated organisation. Using the captive allows the organisation to harness the economic strength, size, and risk-taking ability of the larger combined group, while recognising the smaller risk appetites of the component business units.
Luke is joined by Gareth van den Bergh and Michael Wild, of Artex Risk Solutions, Kevin Poole, of IMAC, and captive owner Greg Echols, co-CEO of Gardant Management Solutions to discuss Cayman's position as a premier captive domicile.
