Marsh sees Latam captive interest
Marsh is seeing growing interest in captives from its Latin American clients.
There is significant interest in captives and a hunger to learn more about how they can work within organisations, said Arthur Koritzinsky, Marsh’s North American captive advisory leader.
“I was in Latin America in June and had an opportunity to meet with 8-10 of our largest clients. There is a significant amount of interest in captives,” Koritzinsky told LatAm Insurance Review.
“The industry wants to learn more about how captives work and as Latin American regimes become more sophisticated, changing regulations could ultimately result in many more captive formations for Latin America.”
This interest is driven by the growing sophistication of the Latin American economies relative to financing, particularly risk financing, added Koritzinsky.
“Premiums are going up, Latin American companies are buying more insurance and that is putting them in a position to start to evaluate whether they want to take more risk and if a captive is the optimum vehicle for doing so.”