Evolving cyber market and role for captives

Explore the latest developments in the commercial cyber insurance market and discover how corporates are leveraging their captives to address emerging risks.

Volatile geopolitics, rapidly changing legislation and uncertainty about claims expectations make it challenging for global enterprises to manage the risks of cyber incidents. Captives are a powerful tool to manage the volatility and provide adequate cover. Society is starting to feel the impacts of cyber incidents more than before. Customers and businesses in the supply chain are affected, which puts pressure on risk managers to take greater control. As our latest podcast explains, a powerful way to manage the risks is through a captive.

In this podcast, Esme Gould, Head of Captives & ART, and Nick Pritchard, Senior Cyber Liability Underwriter, share their expert insights on key market trends. Nick discusses the ongoing evolution of cyber insurance, how the market and buyers are responding to recent high-profile loss events, and why insurers often view captive participation favourably.

Esme provides an overview of the different ways captives are integrated into cyber programmes and highlights notable activity she has observed among customers. Tune in for a thought-provoking conversation that sheds light on the future of cyber risk management and the strategic value of captives.

Podcast Speakers:

• Esme Gould, Head of Captives & ART, Zurich Insurance Company UK
• Nick Pritchard, Senior Cyber Liability Underwriter, Zurich Insurance Company UK

This podcast, originally published on January 12, 2026, is produced in cooperation with Global Captive Podcast and has been published on their webpage.

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