From: Business Insurance
Group captives have evolved from a niche risk-financing concept into a rapidly growing segment of the commercial insurance market, experts say.
They were speaking on Monday during a panel session at the 2026 Captive Insurance Companies Association conference.
The U.S. group captive market generates roughly $6.5 billion in premium, up from virtually zero when the first programs began emerging in the mid-1980s, said David Raymond, Hartford, Connecticut-based vice president, specialty group captives at Travelers.
More than 90 group captives now service U.S. business, and the segment represents about 6.5% of the roughly $100 billion commercial casualty insurance market, he said.
