Marsh McLennan Agency Group, a Marsh & McLennan Agency, LLC company (MMA Marsh McLennan Agency), is pleased to announce its selection as recipient of the US Captive Review Awards 2020 in the category of Captive Innovation. One of the judges commented, ‘MMA Marsh McLennan Agency seems most committed to be truly innovative in an ever-changing market.’ – Captive Review
“This is quite an honor, and a few years in the making,” says Kirk Watkins, Captive Solutions Leader for MMA Marsh McLennan Agency. “Ours is a truly entrepreneurial organization, allowing us to continually create new solutions for our clients. We are excited to continue our path of innovation in our vision’s journey of revolutionizing our industry.”
Since the launch of BeneCap in 2016, Marsh McLennan Agency has been dedicated to offering leading-edge solutions for our clients allowing them to grow their captive with minimal effort and risk. “The ability of our team to be agile in response to market needs is ever enhanced by the strength and support of our captive partner and parent organization, Marsh”, said Andrew Neary, Employee Health & Benefits Practice Leader at MMA Marsh McLennan Agency. “We are grateful for the efforts of all of our colleagues and collaborators who have contributed to this significant achievement.”
MMA Marsh McLennan Agency has been at the front of the captive industry since introducing BeneCap in 2016. BeneCap is an innovative risk management strategy, designed to help companies grow their captives with minimal effort and risk. In 2020, MMA Marsh McLennan Agency introduced BeneCap’s unique pooling structure in response to the US Department of Labor suspension of approvals for prohibited transaction exemptions. The structure provides significant benefits to all stakeholders, most notably the efficient and effective alternative to the exemption process. Learn more at www.mmaeast.com/BeneCap.
The addition of TechProtect in July of 2020 helped to expand our BeneCap program further by offering exclusive rates and programs for captive reinsurance programs on electronics product insurance. Learn more at www.mmaeast.com/techprotect
The US Captive Review Awards recognizes the innovations and accomplishments of providers of captive insurance products and services. The 2020 winners were announced at a virtual event on Wednesday, October 7, 2020.
About Marsh & McLennan Agency
Marsh & McLennan Agency LLC (MMA) is a subsidiary of Marsh established in 2008 to serve as a platform for the middle market. MMA offers commercial property, casualty, personal lines, and employee benefits to midsize businesses and individuals across North America.
Marsh is the world’s leading insurance broker and risk adviser. With over 35,000 colleagues operating in more than 130 countries, Marsh serves commercial and individual clients with data driven risk solutions and advisory services. Marsh is a wholly owned subsidiary of Marsh & McLennan Companies NYSE: MMC), the leading global professional services firm in the areas of risk, strategy and people. With annual revenue over US$15 billion and 75,000 colleagues worldwide, MMC helps clients navigate an increasingly dynamic and complex environment through four market-leading firms: Marsh, Guy Carpenter, Mercer, and Oliver Wyman. Follow Marsh on Twitter @MarshGlobal; LinkedIn; Facebook; and YouTube, or subscribe to BRINK.