Captives

Marsh-managed captive premium reaches $73bn while cyber continues to grow

Large corporates are increasingly looking to set up captive vehicles specifically for cyber risk, although appetite and limits vary significantly, according to Marsh’s Rob Geraghty.

Marsh launches $10mn cyber-only group captive Edgware Re

Marsh has unveiled Edgware Re Ltd, a group captive insurance company designed to provide greater control and stability over cyber insurance programs.

Resilience joins trend for cyber MGAs to launch captives

Resilience’s announcement that it has set up a captive reinsurance company continues the recent trend for cyber MGAs to evolve their models to retain risk and align their interests with reinsurers.

Cyber MGA Resilience launches captive reinsurer to initially retain 5% of risk

Resilience has created a captive reinsurance company to retain a share of each risk it underwrites, with the cyber MGA’s North America chief underwriting officer telling The Insurer it will take a 5 percent share of the reinsurance program.

Coalition to take on cyber risk though new captive

Fast-growing commercial lines insurtech MGA Coalition has launched a captive to begin taking risk on its cyber insurance programs.