On this episode of Global Captive Podcast, Guy Carpenter’s Rob Collins, Managing Director and Captive Segment Leader, joins Linda Johnson, Executive Vice President and Chief Underwriting Officer at Old Republic Risk Management, to discuss the growing popularity of group captives.
“The growth in group captives is driven by the insured—the business owner’s desire to control their insurance costs and outcomes,” Rob explained. “Thirty-five to 40 years ago, this product was new to the market and was really only available to the largest buyers, the most sophisticated buyers.
“Now that’s not the case any longer. The idea of controlling your insurance outcome by commitment to safety and being able to have a stable, reliable product—it’s not always the cheapest product, but it’s something that provides tailored, customized coverages and has consistent pricing over the long term, and I think that’s really attractive to any risk manager or any CFO.”