Marsh McLennan Agency Launches Senior Living Group Captive Amid Market Turmoil
Event summary
- Marsh McLennan Agency launched Secure Harbor, a group captive insurance company for senior living clients on January 27, 2026.
- The captive offers general and professional liability coverage with limits of up to $1 million per occurrence and $3 million in aggregate.
- Secure Harbor is managed by MMA’s Captive Risk Practice and National Senior Care Practice and is exclusive to MMA clients.
- The initiative aims to address rising claims costs due to social inflation and shrinking insurer capacity in the senior living industry.
The big picture
The launch of Secure Harbor reflects broader industry trends where alternative risk financing solutions are gaining traction due to shrinking insurer capacity and rising claims costs. This move positions MMA to capture a larger share of the senior living sector's insurance needs, potentially reshaping how similar industries approach risk management in challenging markets.
What we're watching
- Market Stability
- Whether Secure Harbor can provide long-term pricing stability for senior living clients amid volatile market conditions.
- Client Adoption
- The pace at which MMA clients will join the captive and the potential impact on traditional insurance market dynamics.
- Regulatory Scrutiny
- How regulators may view the growth of group captives in response to traditional insurance market challenges.
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