The number of captive insurance units being formed continues to rise despite falling insurance rates from standard carriers, and U.S. formations are gaining momentum, according to a report by Marsh.

Released today, the first global benchmarking report, “Next Generation Captives–Optimizing Opportunities,” examines the use of captive insurers by global firms.

Michael Cormier, chief executive officer of Marsh's Captive Solutions Group, told National Underwriter the survey identified some interesting trends.

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