CICA, NRRA Break Off Merger Talks
The Captive Insurance Companies Association and the NationalRisk Retention Association have “mutually agreed to cease mergerdiscussions,” the two alternative market groups announced.
No specific reasons were given, but the groups in a statementsaid their boards “considered the technical, legal and financialaspects of a merger, and the respective institutional cultures” aswell as the effect on their own “long-term strategies.” Theirconclusion was that “moving forward with a merger at this timewould not provide sufficient additional benefits for members.”
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