Captives are rapidly evolving from risk retention vehicles into strategic capital access platforms, which in turn is beginning to attract third-party capital, according to broker Aon, who emphasises that captive owners are increasingly partnering with external investors to unlock capacity that supports growth initiatives and long-term resilience.
In a recent article, the broker underscores that captives today offer much more than an opportunity to reduce insurance costs and retain risk, noting that they are now being widely used to help businesses make strategic decisions around capital deployment and long-term resilience.
Aon also added that the evolving role of captives reflects a key challenge facing business leaders.
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