Captives

The growth of captive insurers is expected to continue worldwide in numbers and premiums collected over the next five years. Are you ready?

Gov. Shumlin wants Vermont to remain number one in the captive insurance business in the United States and next, the world.

Gov. Shumlin wants Vermont to remain number one in the captive insurance business in the United States and next, the world.

The Vermont Captive Insurance Association presented the following awards at its conference last week in Vermont

Social media may provide an ideal avenue for risk managers and others in the industry to ask questions, collectively solve problems and to tap experts for advice around the complicated issue of captives.

While risk-retention groups (RRGs) saw premiums decline in 2010, RRG domiciles last year experienced marked overall growth—and for the first time ever, surplus surpassed total premiums.

While captive-insurance experts say the market is healthy, with solid formations, they also note a variety of concerns, including Solvency II, the Dodd-Frank Act and fraud.

Willis Global Captive practice says it is currently seeing strong interest in new captive formations and expects a further uptick in activity as firms begin preparing for a possible firming in market conditions.