Competition For Captives Heating Up
A bid by South Carolina to lure captives from otherjurisdictions is a sign that a bare-knuckled brawl is underway foralternative market business, the leader of a captive associationsays.
“The gloves are off. It's not a gentlemanly game. It's, 'We wantour share and we're going to do anything to get it,'” said CarlModecki, president of the Captive Insurance Companies Association,based in Minneapolis. His comments came after the South CarolinaCaptive Insurance Association scheduled a two-day “CaptiveRedomestication Seminar” for June 12-13 in Columbia, S.C.
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