NU Online News Service, Dec. 17, 12:08 p.m. EST
Although the ongoing soft market has damped the formation of captive insurers, market trends are cyclical and the growth of enterprise risk management may encourage captives because of their long-term consistency, according to an industry report.
The ACE Group of insurance and reinsurance companies' new report, "Darwinism at Work? How the Current Economy and the Market Impacts Captives and Risk Managers," addresses the challenges, implications and alternatives available for risk managers when they are evaluating continuing or forming a captive insurer in the current economic and business environment.
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