Captive Trends

Captive insurance companies are typically utilized by large corporations or groups of very difficult risks as a method of retaining and financing risk (see here, here & here for captive basics). Captives, both single parent and group, have been around for many years, and are used effectively by many insureds. While captives can be effective in any market condition, much of the captive formation takes place in the midst of hard market conditions. It was therefore surprising to see a...