Competition For Captives Heating Up
A bid by South Carolina to lure captives from other jurisdictions is a sign that a bare-knuckled brawl is underway for alternative market business, the leader of a captive association says.
“The gloves are off. It's not a gentlemanly game. It's, 'We want our share and we're going to do anything to get it,'” said Carl Modecki, president of the Captive Insurance Companies Association, based in Minneapolis. His comments came after the South Carolina Captive Insurance Association scheduled a two-day “Captive Redomestication Seminar” for June 12-13 in Columbia, S.C.
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