Macquarie Insurance Facility has launched a rent-a-captive solution for property and casualty related risks.
Following regulatory approval earlier this year, clients are now able to leverage Macquarie’s status as a captive insurer.
The firm said that by utilising Macquarie’s captive facility, clients can avoid the upfront investment and ongoing expenses associated with a single parent captive insurer while still accessing all the benefits.
Macquarie aggregates approximately $1.6bn of premium spend annually from participating private equity, infrastructure, energy and real estate firms.
“Macquarie joining the rent-a-captive market provides an opportunity for our clients to simplify their insurance needs,” said Nick Wilski, global head of Macquarie Insurance Facility.
“By offering clients the opportunity to leverage the benefits of captive insurance, without the operational burden, we’re providing an efficient, flexible and tailored insurance solution.”