Insurance with an ART-SY flair
Cell captive insurance structures are emerging as a popular tool to help insurance brokers and underwriting managers (UMAs) to get access to reinsurance markets and put in place alternative risk transfer (ART) solutions for their commercial and personal clients. “The pressure on reinsurance rates, hardening of global insurance markets and the loss events referred to during the opening of today’s webinar illustrate the need for bespoke [risk transfer] solutions, and for industry stakeholders to think out of the box,” said Mr Farad Kajee, CEO of Yard Insurance, during the recent InsureTalk33 event.