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.
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