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The COVID-19 Pandemic: Opportunities and Implications for Captive Insurance

The COVID-19 Pandemic: Opportunities and Implications for Captive Insurance

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The COVID-19 Pandemic: Opportunities and Implications for Captive Insurance explores the challenges presented by today's business and economic upheaval, as well as the hardening insurance market, and what it means for the captive insurance industry.

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Growth in Reinsurance and Captive Insurance Runoff Transactions

Steve McElhiney
October 15, 2018

A new Captive Thought Leader Video featuring Steve McElhiney, president and CEO of EWI Reinsurance, titled "Runoff Transactions: A Reinsurance and Captive Insurance Growth Area," is available in the Captive.com library.   

Runoff and related transactions present an enormous opportunity in the property and casualty industry, says Mr. McElhiney. The common tools used for runoff transactions include commutations, loss portfolio transfers, and assumption agreement (novation), which can be employed to release and redeploy risk-bearing capital in support of new business strategies, while freeing up organizational resources, in return for an agreed-upon premium. Historically, these runoff tools have been used in North America, London, and Europe. More recently, acquisitive Asian companies are taking on some excellent liabilities but may want to discharge some of them. There are also many captive insurance companies around the world that are subject to using runoff solutions, and many great opportunities for growth in runoff transactions exist.

There is no cost to view the videos, and you will find them in the Captive Thought Leader Videos section of Captive.com. More videos will be added in the future.

(Mr. McElhiney is pictured above.)

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