Embracing the changes in captive insurance

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

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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.