Captives Cite Troubles With TheirFronts
The number of insurers willing to serve as a front for captives isdown, while the quality of fronting services is deteriorating andcosts are rising for no additional value, an industry studyfound.
That is the grim picture for risk managers that emerged in ajoint survey by the Minneapolis-based Captive Insurance CompaniesAssociation and the Vermont Captive Insurance Association,entitled: “The CICA 2002 Fronting/Risk-Sharing Survey.” The reportfollows up on last year's inaugural survey.
This year, 270 captive companies that are members of CICA and orVCIA were polled. These are mature entities, with the average ageof the responding captives at 11.8 years, according to CICA.
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