Brian C. Elowe, Chief Client Officer for Marsh North America
There's been much discussion in risk finance circles over the past decade about alternatives to traditional insurance markets. Much of the focus has been on the provider side - the pension funds, sovereign wealth funds and other investors that provide the capital behind so-called alternative risk transfer (ART) solutions. Once available primarily in the reinsurance sector, ART solutions are now common in the primary insurance market. And as the nonstandard risk transfer marketplace grows, providers and financiers continue to develop innovative solutions for companies of all sizes.