To Merge Makes Sense
After months of talks on merging not the first such discussion between the two groups the Captive Insurance Companies Association and the National Risk Retention Association announced last month that they were mutually ceasing any further negotiations.
A brief press release did not give any specific reasons for the failure of the latest talks, simply stating that the boards of the two alternative market groups had considered the effect of a merger on their long-term strategies. Their conclusion was that “moving forward with a merger at this time would not provide sufficient additional benefits for members.” Really?
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