![]() ![]() The report also shows that while overall new captive formations are down in most domiciles, the 10 largest U.S. “This indicates that rather than using captives as a money-saving vehicle when traditional insurance costs rise, owners are viewing their captives as efficient and effective long-term risk management and risk financing solutions.” “Moreover, the financial stability and claims paying ability of captives generally improved during the four-year period. ![]() “In a period when the reinsurance and insurance markets continued to soften, and when many organizations struggled to just keep float, captive insurance companies performed exceedingly well,” said Michael Cormier, Global Captive Solutions Practice Leader. The study released confirming this involved more than 750 captive insurance company clients of Marsh-primarily single-parent captives-based on figures as of December 2010. The level of captive owners’ equity increased the past several years despite lower investment returns, an indication that owners did not deplete capital during the economic downturn of 2007 through 2011.
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