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.
Richard is joined by Melissa Hollingsworth, Deputy Chief Risk Officer at the Los Angeles Unified School District, who will explain why LAUSD recently formed a pure captive and how they look to expand it in the coming years.
Richard hosts the latest live episode of the Global Captive Podcast, recorded in front of a live audience at the closing session of the CICA International Conference in Tucson, Arizona on 11 March, 2025.
