Hard Market Could Spur Boom In Captive Growth
With captive applications multiplying and the general mood at some U.S. domiciles bordering on exhilaration, there's no doubt that the hard commercial insurance market is a boon to the captive industry.
"I anticipate a busy, busy year," said Leonard Crouse, director of captive insurance at the Vermont Department of Banking, Insurance and Securities in Montpelier. "A number of people are calling about captives and our management companies say they've never been as busy. It's a great time to be in this business."
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