The difficult commercial insurance market is prompting many companies to form new captive insurers or expand their use of existing ones.
This episode of Marsh’s Risk in Context podcast features Ellen Charnley, Mike Serricchio, and Lorraine Stack of Marsh Captive Solutions on the many ways companies are deriving value from their captives.
Ellen Charnley is President of Marsh Captive Solutions, responsible for 500 Marsh colleagues and more than 1,500 captives under management across 51 domiciles, with premium volume totaling more than $60 billion. Ellen 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.
Mike Serricchio is Americas Sales and Advisory Leader for Marsh Captive Solutions. He assists clients in the US and globally with the feasibility and organization of single-parent captives, as well as risk retention groups and rent-a-captives. He handles a range of consulting services surrounding various captive issues and concerns, including capitalization levels, new coverages, tax concepts, captive investment opportunities, and cost savings.
Lorraine Stack is the International Sales and Advisory Leader for Marsh Captive Solutions. She is responsible for coordination of business development initiatives and activities across a number of regions. Lorraine has over 20 years experience in the insurance industry in both the United States and Ireland in the areas of underwriting, broking, and captive management.