Self-Insureds Taught ABCs Of Reinsurance

Chicago

Captive insurance operations can work well to provide coverage for both high and low-risk situations given the proper reinsurance support, an expert in the field told self-insureds here.

Captives exist to assume insurance risk and in some cases reinsurance risk, noted Mark Hinkley, executive vice-president of Odyssey Reinsurance in Stamford, Conn.

However, the big question becomes, "is it preferred risk or surplus lines risk," according to Mr. Hinkley, who explained that "both are possible in a captive" in his remarks here during a workshop, "Risk Assumption Through Captives for Managing General Underwriters and Third-Party Administrators" at the Self-Insurance Institute of Americas annual meeting.

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