"Captives enable organizations of all sizes to better manage their costs and take greater control of their insurance programs, which is making them a hugely popular risk financing mechanism in today's challenging insurance market," said Ellen Charnley, president of Marsh Captive Solutions. (Credit: OpturaDesign/Shutterstock.coms)

In 2020, captive insurance entities were created at a rate well above historic norms, according to Marsh, which reported it had more than 100 clients form captives during the period.

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Steve Hallo

Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]

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