RMs Turning To Captives

More organizations are turning to their captive for insurance coverage, or are considering establishing one as an alternative risk-financing solution, according to a rating bureau report.

Fitch Ratings’ London office found that the hardening insurance market this year has led to increased deductibles, reduced capacity in certain sectors, and limited coverage for certain risks, as well as tougher security requirements through higher minimum credit rating thresholds.

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