The captive insurance industry is currently experiencing a significant period of growth and innovation, characterised by strong activity across global domiciles, innovative risk management strategies, and the formation of new captives. Despite this vibrancy, industry leaders such as Paul Macey, president of USA Risk Group, stress the importance of maintaining fundamental principles, particularly in client service.
The industry is thriving, Macey says, noting the robust pace of new formations across various domiciles, including increased activity in Europe. However, he cautions against complacency, emphasising the need to focus on core principles.
