From: Captive Insurance Times
Industry experts gather to examine the rise of captives in Latin America, where their number has doubled over the past decade amid a hardened insurance market and growing emerging risks
Once seen as a solution reserved for multinational giants in North America and Europe, captive insurance is now reshaping how Latin American companies manage risk. Faced with rising insurance premiums, economic uncertainty, and increasingly complex exposures, businesses across the region are embracing self-insurance vehicles with unprecedented urgency and enthusiasm.
As commercial insurance becomes more costly and restrictive, captives offer a compelling alternative. They give companies more control over their risk, the ability to customise coverage to fit their specific needs, and a long-term framework for financial resilience.
Eduardo Fox, a consultant for private clients, trusts, and Latin America at Appleby Bermuda, pointed out during a panel at the 2025 World Captive Forum in Florida that Latin America is currently the fastest-growing region in the world when it comes to captive insurance.
