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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.
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 © 2021 ALM Media Properties, LLC. All Rights Reserved.
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