Most U.S. Domiciles Bursting With Captive Formations Some U.S. domiciles report they are licensing more captives and risk retention groups than at any point in their history. Others, however, say they have licensed few or none and have none pending.
Though some experts report a “mixed bag” of knowledge about captives by those looking to form them, many insurance buyers are more savvy and seem to be choosing domiciles that offer an array of benefits like staff, services, location and favorable legislation.
Molly Lambert, president and chief operating officer of the Vermont Captive Insurance Association in Burlington, Vt., said that a recent VCIA captive information seminar in Atlanta attracted a record number of attendees, mostly “people who know something about captives.”
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.
