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Risk in Context Podcast: Captive insurance can support companies’ ESG goals

Many organizations around the world are taking action to improve their environmental, social, and governance (ESG) posture.
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Many organizations around the world are taking action to improve their environmental, social, and governance (ESG) posture. And more businesses are turning to captives to help them manage ESG-related risks.

In this episode of Risk in Context, Ellen Charnley, President of Marsh Captive Solutions, and Lorraine Stack, International Consulting Leader for Marsh Captive Solutions, discuss the role that captives can play in supporting organizations’ ESG goals and how they can be a critical component of a business’s overall risk transfer plan.

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Key takeaways

More captives writing employee benefit risk

The past decade has seen a change in the motivation behind writing employee benefit risks in a captive, with many organizations seeking to harmonize benefits across geographies.

Captives play an important role in addressing coverage gaps

As the transition to a lower carbon future continues and potentially impacts commercial insurers’ risk appetites, captives can be used to bridge coverage gaps, exclusions, and other insurance challenges.

Surplus can help fund ESG investments

Well-run captives often end up with a surplus, which can be used to fund sustainability initiatives, such as employee engagement programs or diversity, equity, and inclusion initiatives, and help organizations improve all three areas of ESG.

About our speakers

Ellen Charnley

Ellen Charnley

President, Marsh Captive Solutions

  • United States

Ellen Charnley is President of Marsh Captive Solutions, responsible for 550+ Marsh colleagues and more than 1,900 captives under management across 55 domiciles, with premium volume totaling more than $70 billion. She has more than 20 years of experience working with domiciles and captives. In 2018, she became the first woman to top Captive Review’s Power 50 list.

Lorraine Stack

Lorraine Stack

Risk Management Leader, Europe

  • Ireland

Lorraine Stack is the Risk Management Leader for Marsh Europe. She has overall responsibility for Marsh’s portfolio of its largest European clients and supporting them in managing their risk and insurance programmes. She will also work closely with Marsh’s Risk Management leaders to develop a unified client strategy across the region, with a key focus on collaboration and growth to position Marsh as the foremost risk advisor for the future. She has 30 years of experience in the insurance industry in both the United States and Ireland in the areas of underwriting, broking, and captive management.