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Number of Captive Owners Accessing TRIPRA Expected to Rise: Marsh

New York   |   May 11, 2015

Annual Benchmarking Report Also Finds Substantial Growth in Non-Traditional Captive Coverage in 2014

With the newly extended Terrorism Risk Insurance Program Reauthorization Act of 2015 (TRIPRA), the number of captive owners taking advantage of the government program is expected to rise in 2015, according to a new benchmarking report published today by Marsh, a global leader in insurance broking and risk management.

The report, The World of Captives: Growth and Opportunities Without Borders, found that only 83 or 22% of the 374 US captives under Marsh management currently access TRIPRA, by writing either conventional terrorism coverage for property damage or the excluded nuclear, biological, chemical, and radiological perils.

“One of the surprising findings from this year’s report is that more captive owners are not taking advantage of the US government program, which essentially gives companies a backstop to their property and/or general liability exposures for terrorism risk,” said Christopher Lay, president of Marsh Captive Solutions. “Now that concerns over TRIPRA’s reauthorization have been resolved, we believe growth will resume and more captive owners will investigate the value of adding TRIPRA coverage to their existing captives.”

In addition to terrorism risk, Marsh saw an overall 11% rise in the number of captives writing non-traditional coverage lines in 2014. The biggest increase came from political risk, where the number of captives that include political risk rose 83% in 2014. Additionally, the number of captives writing cyber liability grew 18%.


About Marsh

Marsh is the world’s leading insurance broker and risk advisor. With around 40,000 colleagues operating in more than 130 countries, Marsh serves commercial and individual clients with data-driven risk solutions and advisory services. Marsh is a business of Marsh McLennan (NYSE: MMC), the world’s leading professional services firm in the areas of risk, strategy and people. With annual revenue over $17 billion, Marsh McLennan helps clients navigate an increasingly dynamic and complex environment through four market-leading businesses: Marsh, Guy Carpenter, Mercer and Oliver Wyman. Follow Marsh on Twitter @MarshGlobal; LinkedIn; Facebook; and YouTube, or subscribe to BRINK.