CICA Fears Captive Reinsurance Crunch

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

“I personally am convinced that the insurance market is only going to get worse, not better, and we need to be doing something,” said Michael Mead, chairman of the Captive Insurance Companies Association, 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

Already have an account?



Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join now!

  • Unlimited access to - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including, and
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2023 ALM Global, LLC. All Rights Reserved.