A captive audience
With the hard market meaning excess layers and associated retrocessional cover are more difficult to purchase, multinationals have been turning to more non-traditional methods of addressing potential exposures such as the offshore entities of captives. Marcus Alcock explains why calamity could be round the corner for some writers
Purchasing cover in a hard market is never going to be the easiest of tasks for companies and cedants, so one would expect the purchase of excess layers and associated retrocessional cover to be even
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