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What's happening in insurance today? From market changes and M&A activity to new coverages, the insurance industry is ever-evolving. To stay up-to-date on the business, these articles, which are updated regularly, will help insurance professionals maintain a competitive edge.
Marsh formed a record 76 new captive insurance companies between January and July 2020. (Photo: Fotolia)As the global pandemic continues to disrupt economic conditions and create new risks — even before COVID-19 — more organizations are turning to the use of captives for insurance protection and financial flexibility, according to a new Marsh report.
In its recently released 2020 Captive Landscape Report, Marsh informs that a tightening of global insurance market conditions in 2019 led to a growth in captive use, paired with premium volume growth across several coverage lines.
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Danielle Ling is an experienced video journalist and business reporter. As associate editor, Danielle manages all multimedia and reports on industry news and risk-related coverage, managing all weather-related content. A University of Maryland and Philip Merrill College of Journalism alum, Danielle previously served as a video journalist for Verizon FiOS 1 News NJ, Push Pause. Connect with Danielle on LinkedIn or email her at [email protected].
Copyright © 2023 ALM Global, LLC. All Rights Reserved.
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