Facing shrinking resources, an uncertain economy as well as changing political and regulatory landscapes, risk managers might be forced to reassess their particular captive insurance solutions, a new white paper by ACE suggests.
The paper–"Darwinism at Work? How the Current Economy and the Market Impact Captives and Risk Managers"–was released by ACE at the Vermont Captive Insurance Association annual conference in Burlington last month.
"It's not a question of whether captives will be around, but more how they fit into overall expense management and enterprise risk management strategies," according to Carol A. Frey, vice president at ACE Risk Management, who co-authored the report with Linda Kane, senior vice president with ACE Financial Solutions.
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