Gallagher launches personal insurance captive for wealthy clients

Gallagher has introduced a multi-member personal insurance captive for high-net-worth individuals in the United States. The brokerage said the Private Client Signature Captive offers eligible clients an alternative insurance structure with more flexibility and control.

The captive covers residential property and household contents, including valuable possessions, through an insurer rated A++ (Superior) by A.M. Best. It was developed with Artex, Gallagher's wholly owned alternative risk and capital business. Gallagher said the captive allows members to insure assets collectively and share in the program's financial performance when claims experience is favorable.

Laila Brabander, president of Gallagher Private Client, said the brokerage is proud to introduce a new market solution that brings a proven commercial risk-financing strategy into the personal insurance space. “The Private Client Signature Captive creates a new category for our industry, offering clients greater transparency and the opportunity to benefit financially from their strong risk management,” Brabander said.

Frank McMackin, president of Artex North America, said: “Partnering with Gallagher Private Client allows us to deliver a level of risk sophistication usually reserved for large corporations. The Private Client Signature Captive combines elite coverage with the financial efficiency of alternative risk structures, enabling individuals to collectively unlock greater control over their assets and returns.”