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As insurance clients face evolving and emerging risks, they're exploring new ways to transfer and manage exposures their captives. (Photo: Shutterstock) As insurance clients face evolving and emerging risks, they’re exploring new ways to transfer and manage exposures with captives. (Photo: Shutterstock)

Editor’s Note: PropertyCasualty360 is committed to providing our readers with the latest insurance news and information. To that end, we are now publishing select stories in both English and Spanish. To read this article in Spanish, please click here

As the world heads into another uncertain few months, risk managers are expecting a challenging time at their upcoming insurance and reinsurance renewals. Many are considering expanding the use of existing captives or setting up new ones to mitigate the effects of a changing insurance market, as well as their own shifting risk profiles.

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