Orlando, Fla.–Among captive insurers, reinsurance prices have surpassed fronting insurers' costs and operations as a concern, according to a study released by a captive insurers association.
“Not many people appear to be too upset with their lot in life,” said Michael R. Mead, a director of the Captive Insurance Companies Association and chairman of the group's fronting survey.
He noted that, “AIG continues to be the biggest [fronting] carrier, and people seem to think that price and value are reasonable.”
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