The classic pattern for a hard market is that organisations will look to retain more risk and increasingly use their captives. This session will consider the management of group and local retentions through captives, and explore the extent to which a captive is a vital and necessary part of a global programme. It will also look at the growing use of parametric solutions to handle nat cat exposures.

• The role of a captive in retentions
• Use of a captive to facilitate the ability to allocate premium to subsidiaries and operating units, and thereby improve loss control and risk management
• Captives and reinsuring the programme