Macquarie has launched a rent-a-captive insurance solution for property and casualty related risks.
This marks the latest expansion to Macquarie's insurance offering, where clients will be able to utilise the company's status as a captive insurer to avoid a large upfront investment and expenses related with establishing and operating a single parent captive insurer.
This offering also aims to facilitate greater control, risk retention flexibility and more effective risk management for clients.
The solution is the newest development in the company's insurance expertise. Macquarie was approved as Lloyd's cover holder earlier this year and entered into an authority agreement with Mosaic Insurance.
Global head of Macquarie Insurance Facility, Nick Wilski, comments: “Macquarie joining the rent-a-captive market provides an opportunity for our clients to simplify their insurance needs. By offering clients the opportunity to leverage the benefits of captive insurance, without the operational burden, we’re providing an efficient, flexible and tailored insurance solution.”
