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First Shot Fired In Captive War?

With the insurance market growing ever tighter, it was inevitable that risk manager interest in captives would soar. With the success of Vermont as a domestic captive haven, it was also inevitable that other U.S. domiciles would look to get into the act.

Competition is healthy, in that brokers and risk managers benefit from having as many options as possible. But any hope that this competition would be friendly was shattered by the news that South Carolina will hold a “Redomestication Seminar” next month to spur some entities to relocate.

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