Marsh notes global cyber pricing rose 28% in Q42022, slowing compared to 53% the prior quarter.
But rates and volatility remain high enough to keep providing tailwinds for captive structures, concludes the firm.
Most growth in Marsh captives comes from single-parent captives and cells, Marsh reports. “In fact, between 2020 and 2021, 40% of new cell structures managed by Marsh wrote cyber coverage. Marsh now has more than $70 million in cyber premium under management.”
The firm says healthcare enterprises use captives the most. In general, according to Marsh, the sweet spot for captives is retention layers from US$250,000 to US$200 million.
Read the Marsh release here.