September 24th, 2020
Marsh Mclennan Agency Group, a Marsh & McLennan Agency, LLC company (Marsh Mclennan Agency), and its captive solutions practice leader, Kirk Watkins have been shortlisted in several categories for the US Captive Review Awards 2020:
• Captive Service Professional of the Year: Kirk Watkins, Captive Solutions Practice Leader
• Captive Consultant of the Year: Marsh Mclennan Agency Group, a Marsh & McLennan Agency LLC
• Employee Benefits Network: Marsh Mclennan Agency Group, a Marsh & McLennan Agency LLC
• Captive Innovation: Marsh Mclennan Agency Group, a Marsh & McLennan Agency LLC
“We are honored that MMA Marsh Mclennan Agency and its captive solutions team have been recognized for their industry contributions,” said Andrew Neary, Employee Health & Benefits Practice Leader, MMA Marsh Mclennan Agency. “Our focus continues to be the development of new solutions to support employers in growing their captives and helping them to provide competitive benefits to their employees.”
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, 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.
In July of 2020, TechProtect was Marsh Mclennan Agency’s latest addition to the captive marketplace introducing electronic products insurance specifically designed for captive reinsurance programs. This exclusive program offers rates and coverage that are not otherwise available in the market to the captive’s network and may provide favorable tax benefits to the captive. 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 will be announced at a virtual event on Wednesday, October 7, 2020.