CICA Fears Captive Reinsurance Crunch

The head of a captive organization said the group must movespeedily to confront a possible crisis in reinsurance availabilityin the wake of the Sept. 11 terrorist attacks.

“I personally am convinced that the insurance market is onlygoing to get worse, not better, and we need to be doing something,”said Michael Mead, chairman of the Captive Insurance CompaniesAssociation, based in Minneapolis.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

  • All news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including and

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.