Change is inevitable and no profession escapes it. The alternative risk-transfer field is no exception, but its ability to embrace change more readily than the traditional insurance marketplace has encouraged steady growth and presented some unique challenges for captive owners.

Some changes are not new, just recycled for a new audience. For instance, insurers in the traditional markets are enjoying the fruits of their labors with nice profit margins and increased capital–despite (in a bonus for buyers) reduced premiums in many areas. Although sellers and buyers alike have earned their good fortune, history indicates that such results will be short lived.

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