Rolling with the punches

The cyclical nature of the market has always been a problem for brokers and insurers, with both having to box clever. Edward Murray looks at the advantages of creating captives

The conundrum of how to break the cyclical nature of the insurance market is as old as the market itself and, despite regular proclamations from market practitioners, it is unlikely a solution will be forthcoming any time soon. The challenge for brokers and insurers is to roll with the movements in the market, without letting them be overly destructive to their operations.

Similarly, for firms seeking insurance, the challenge has always been to get the best cover at the most competitive price and