Marsh’s first Financial Institutions Captive Benchmarking Analysis report will be published in September 2008. The report will be the most in-depth review of the use of captive insurance companies by global financial institutions publicly available.
Among the findings, captives owned by financial institutions do not rely as heavily on reinsurance as either global or European based captives generally. With 62% purchasing no reinsurance, and captives owned by financial institutions underwriting more professional liability and directors’ and officers’ insurance than captives in other industries, the more litigious nature of the financial services industry is reflected in sector’s use of captives.
The full report will be published in September at a captive event focused solely on financial institutions. If you would like to be one of the first to receive this report or to register for the event, please click here.
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Be the first to receive the Financial Institutions – Captive Benchmarking Analysis report, due out in September 2008.