Friday, January 24, 2025

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Captive USA 2024 Part I: Property to dominate the US captive market

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  • Increased retentions and quota shares for captive property programmes
  • High emitting companies could struggle to attain property capacity
  • Third-party risk and cyber expected to proliferate in the captive space
  • Increased interest in ERISA exemption, reliant on ExPro return

Companies seeking property coverage will continue to be the driving force behind captive formations in the United States in 2024, as companies look to negate rising costs and reduced capacity in the commercial market.

There is also expectation more companies will look to get the US Employee Retirement Income Security Act (ERISA) exemption from the Department of Labour (DoL), while captive interest in wider employee benefits programmes will continue flourishing.

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