Will Hard Market Spark More Captives?

Corporate insurance buyers faced with skyrocketing premiums, lower limits, and tighter terms and conditions will be tempted to turn to the alternative risk-transfer market for coverage rather than pay the piper or go bare.

However, forming a captive might be easier said than done. It's true that new captive domiciles are popping up and growing fast here in the United States to supplement the mega-markets already established in Vermont and Bermuda. But before risk managers rush in to self-insure, there are many hurdles they will have to clear.

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