How Captive Insurance Uses Fronting and Unrated Paper to Fill Market Gaps

In this episode of The Edge of Risk Podcast by IRMI, Joel Appelbaum welcomes Jeremy Colombik, president of Management Services International (MSI), for an in-depth look at how captive insurance continues to evolve as a solution for hard-to-place and emerging risks. Jeremy shares practical insights from over 20 years in the captive industry, highlighting how unrated and nonadmitted paper can deliver cost-effective, customized coverage when the traditional market falls short. 

Listeners will gain a deeper understanding of how captives leverage fronting arrangements, navigate regulatory complexities, and strategically structure programs to support long-term success. Whether you're managing risk in a high-exposure industry or exploring new alternative risk transfer options, this episode provides a valuable blueprint for quarterbacking a successful captive and building smarter, more responsive insurance strategies.