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.
In this special live episode, Richard is joined by four special guests to discuss the evolution and value of National Grid's 40-year-old captive insurance company.
In this GCP Short, produced in partnership with the Insurance Managers Association of Cayman, we focus on the booming group captive business and the domicile’s very established specialism in this area.
