Innovating Risk Management: Exploring Lloyd's Captive Insurance Syndicate

In this episode, Joel Appelbaum, chief content officer at IRMI and Captive.com, speaks with Mike Maglaras, of Michael Maglaras & Company, about the launch of the first modern-era captive insurance syndicate at Lloyd's of London. This innovative model offers multinational companies a new way to manage complex risks across borders by eliminating fronting capacity barriers, enabling companies to issue Lloyd’s paper in over 80 countries. Joel and Mike dive into how this syndicate model is transforming the captive industry, offering streamlined access to reinsurance and retrocessional markets at Lloyd's, reducing administrative burdens, and providing new avenues for insuring third-party and supply chain risks.

Mike also explores the strategic significance of this Lloyd's captive syndicate in the evolving global captive insurance landscape. For large-scale enterprises with complex, cross-border risks, the Lloyd's model could be a game changer, particularly as the United Kingdom positions itself as a competitive captive domicile post-Brexit.