In this GCP Short, produced in partnership with Guy Carpenter, Richard takes a closer look at the surge in group captive business in the United States.
Naturally on GCP we do tend to focus more on pure captives and even captive cell utilisation, but the growth in group captives, particularly in the United States, has been huge in recent year.
The US market brings large groups of mid market or smaller companies together to insure an increasing range of lines such as workers’ comp, auto, property and various liability coverages, and is opening up the captive concept to a huge pool of insureds.
Richard is joined by Rob Collins, Captive Segment Leader and Managing Director at Guy Carpenter, and Linda Johnson, Executive Vice President and Chief Underwriting Officer at Old Republic Risk Management.
Our two guests provide services to group captives across the US, and they share their views on why we are seeing such growth in this area, what is driving some of the new trends, and how to tackle certain challenges such as fronting, legacy management and reinsurance.
For the latest news, data-driven analysis and thought leadership on the global captive market, visit Captive Intelligence and sign up to our twice-weekly newsletter.
