Original source: https://www.businessinsurance.com/article/20190530/NEWS06/912328760/More-captives-take-on-third-party-risks-Marsh-Report
I access the net everyday to reach out to you to understand to the importance of keeping a Property Damage Adjustment Consultant on your side. Take a minute to read this story we just found.
Business Insurance (05/30/19) Souter, Gavin
Based on a current Marsh LLC report, companies that have captive insurers are increasingly using the alternate risk transfer vehicles to pay third party dangers. Approximately 22 percent of captives comprised third party risks, such as coverage for contractors or customers, and the number of captives covering third-party dangers increased 12% over the past year and 62% over the last five decades. Covering third-party dangers can allow a juvenile owner to take tax deductions on premiums, and 39 percent of taxpayers of Marsh-managed captives viewed tax benefits because”a major value driver” in 2018. The report also indicates that captives continue to grow in Asia-Pacific however are still slowing in Europe. The Middle East saw 33% growth in captives over the previous five years. Related Story: Insurance Journal… Read More
We appreciate you! And please schedule a time with us if you need assistance when negotiating with your insurance broker. NO claim, NO fee!
Original source: https://www.businessinsurance.com/article/20190530/NEWS06/912328760/More-captives-take-on-third-party-risks-Marsh-Report
I access the net everyday to reach out to you to understand to the importance of keeping a Property Damage Adjustment Consultant on your side. Take a minute to read this story we just found.
Business Insurance (05/30/19) Souter, Gavin
Based on a current Marsh LLC report, companies that have captive insurers are increasingly using the alternate risk transfer vehicles to pay third party dangers. Approximately 22 percent of captives comprised third party risks, such as coverage for contractors or customers, and the number of captives covering third-party dangers increased 12% over the past year and 62% over the last five decades. Covering third-party dangers can allow a juvenile owner to take tax deductions on premiums, and 39 percent of taxpayers of Marsh-managed captives viewed tax benefits because”a major value driver” in 2018. The report also indicates that captives continue to grow in Asia-Pacific however are still slowing in Europe. The Middle East saw 33% growth in captives over the previous five years. Related Story: Insurance Journal… Read More
We appreciate you! And please schedule a time with us if you need assistance when negotiating with your insurance broker. NO claim, NO fee!