With COVID-19 and a Hardening Market, Captives Respond to Challenges

Captive.com–As with previous commercial insurance market disruptions, captive insurance companies are responding to the current hardening traditional market, according to AM Best.

“These companies came into existence because of difficult markets,” said Fred Eslami, associate director at A.M. Best. “Those difficult markets exist right now.” Current conditions will likely result in more new captive insurance companies or parents of existing captives adding coverage lines to the alternative risk transfer vehicles or finding other ways to use them.

“We know that we’re going to lose some of (our) smaller members because they’re struggling and won’t be able to keep coverage, but it will be more than made up for by large organizations who are coming to us because the commercial markets are turning their backs on them.”

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Fundraising for Transplant-Related Expenses

COTA can help remove the financial barriers to a life-saving transplant by providing fundraising assistance and family support.