NU Online News Service, Aug. 3, 2:09 p.m.EDT
Captives are “starting to feel the squeeze” of marketconditions, low-investment yields, and issues in theglobal-financial markets, according to A.M. Best, which reportsthat a composite of 209 captives it follows reported a decline innet income for 2011.
A.M. Best says the group of captives saw net income fallto a combined $2.01 billion, down 21 percent compared to 2010. Theratings agency blames decreases in underwriting income, netinvestment income and realized capital gains.
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