ESG

While not their primary role, the study found that captives can be utilised in many ways to embed ESG initiatives into insurance and risk financing strategies.

The number of captive-backed insurance programmes with adjustable premiums linked to sustainability and environmental performance are expected to increase.

Produced in partnership with ⁠AXA XL⁠, we hear about a groundbreaking insurance programme putin place by the Swiss Federal Railways.

Environmental liability is among several liability lines where captives are particularly well positioned to provide parent companies with a strong alternative to the traditional insurance market.

2024 was another success for the European captive market, which saw captives continue to blossom, with this trend expected to continue into 2025 and beyond.

The utilisation of captives is increasing both in numbers and premium volume with new and emerging risks being one of the main drivers behind growth, Adriana Scherzinger, group head of captives at Zurich, has told Captive Intelligence.

Mining companies, particularly those mining thermal coal, are looking at alternative risk financing tools, such as captives, for liability cover as a means of countering stricter and dwindling capacity in the commercial market.

Corporate Social Responsibility (CSR) or now better known under the label “ESG“ is a topic that has long preoccupied the insurance industry. However, it has historically been more than...