Marsh McLennan Agency has launched Secure Harbor, a group captive insurance company aimed at skilled nursing, assisted living, and senior living operators facing tightening capacity and rising liability costs.

Domiciled in Washington, D.C., Secure Harbor provides general and professional liability coverage with limits of up to $1 million per occurrence and $3 million in aggregate.

The captive is exclusive to MMA clients and is managed by the firm’s Captive Risk Practice and National Senior Care Practice.

Participants gain access to MMA’s third-party administrator services and safety consulting teams, including professionals with senior living nursing experience. MMA said the structure is designed to give senior living organizations greater control over coverage terms, more stable pricing, and potential profit participation when results are favorable, as social inflation and nuclear verdicts continue to pressure the traditional insurance market.