Despite falling premiums and expanding coverage in the traditional market, buyers have not turned their backs on alternative risk-transfer options, according to NU's “State of the Market” survey. Nearly half (49 percent) said they are still considering ART optionsincluding captives, finite reinsurance and catastrophe bonds. Given the uncertainty of pricing in the traditional market over the long term, that doesn't surprise me. How about you?
Half of the 132 risk managers queried said it would be at least somewhat important (18 percent, highly so) to establish or increase the use of captives over the next several years. There is plenty of room for growth in this area, as 71 percent of risk managers surveyed do not have a captive in place.
(The survey was sponsored by Miller, an independent, specialist, wholesale insurance and reinsurance broker based in London, operating internationally as well as at Lloyd's. For a more comprehensive look at the survey results, click here.)
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
