Captive Services May Be Harder To Find
While recent terrorist attacks in the United States might make captives a more attractive option for some risks, commercial buyers looking to self-insure might find it difficult to procure fronting companies, reinsurance and service vendors, experts warn.
“The business of captives has been gravely impacted by this event, and it seems that each new day we understand that impact even more,” said Lisa Ventriss, president of the Vermont Captive Insurance Association. “For a time you couldnt even think about it because the big thing was whats next. But in looking at the service providers to captives, a lot of people who were here with us in August [at VCIA's annual meeting] are not coming back.”
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