MMA offering group captive insurer for assisted living, senior facilities

Article ID: c1fa5898849a10139fad41df62cafa8db0132259273dfec76c0479b5744f07ce

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URL: https://www.businessinsurance.com/mma-offering-group-captive-insurer-for-assisted-living-senior-facilities/

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Marsh McLennan Agency, a unit of Marsh, announced Tuesday it launched Secure Harbor, a group captive insurer for skilled nursing, assisted living and senior living communities.
Domiciled in Washington, Secure Harbor offers general and professional liability coverage with limits up to $1 million per occurrence and $3 million in aggregate to senior living services businesses with similar risk profiles.
Members will have access to MMA’s third-party administrator services team and safety consulting experts.
The captive is managed by MMA’s captive risk practice and national senior care practice and is exclusive to the brokerage’s clients.
“In today’s volatile insurance landscape, our senior living clients are vocal about their need for alternative risk financing solutions,” J.D. Seymour, vice president of the captive risk practice at MMA, said in a statement.

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