Captives, RRGs Standing Test Of Time
With the advent of another softening marketdespite cries of underwriting discipline and rate adequacyI have two questions: Will captives and risk retention groups lose their growing attractiveness of control and dependability because insurance premiums are falling? Will New York Attorney General Eliot Spitzers probes inhibit the increasing acceptance captives and RRGs are enjoying?
The answers may depend on recognition of captives and RRGs as legitimate business models founded upon matters of transparency and governance. As more and more states enact captive insurance statutes and invest in human resources to regulate them, insurance buyers reap the benefits of the diversity of captives and RRGs.
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