Europe's captive segment posed for growth amid hardening insurance conditions

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<abstract displayLabel="Summary">Captives are an important risk management tool for their owners, providing them with the flexibility to navigate the insurance and reinsurance underwriting cycle and maintain access to the risk cover they require on an ongoing basis. In the hard phases of the insurance cycle, captives can offer tailored risk solutions to their parents on lines of business where commercial capacity has contracted, or where cover has become too expensive or even unavailable. Captives also provide owners with access to reinsurance market capacity. A capive can be an efficient vehicle to manage the risks groups are willing to retain relative to the price of cover.</abstract>
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