Partner Michael Savett Quoted in Law360 Article – Growth In Captives Gives Insureds More Control, Experts Say
August 2, 2024
Philadelphia Partner Michael Savett was quoted in a recent article discussing the rising interest in captive insurance as a solution for commercial policyholders seeking more control over their risk management. Michael highlights that traditional markets are increasingly reluctant to cover unpredictable risks such as natural catastrophes and wildfires, pushing companies towards captive insurance. He also points out the growing importance of captives in the cyber risk market, noting that as traditional insurers face capacity issues and rising costs, captives provide a valuable alternative for managing these risks.
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