New legislation and structuring for captives in a number of domiciles has made formation of captive facilities–once limited to large global organizations–attractive to smaller companies as well, a captive management company says.

This is especially true in the New York City area, according to The Towner Management Group.

Tom Stokes, managing principal of TMG (NY) LLC and consulting practice leader of TMG's U.S. operations, explained that middle-market and small companies previously assumed they couldn't "realize the same benefits as large, pure captive owners have in the past."

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