Captive Companies

Gillett, Roger C.
March 1995
Risk Management (00355593);Mar95, Vol. 42 Issue 3, Captives Supplement p27
Trade Publication
With more than 1000 new corporations worldwide, 1994 was a banner year for captives. Unlike in the past years, the U.S. casualty market has not hardened to fuel the surge in recent formations. This has lead to a great deal of conjecture in an attempt to explain the movement to captives, including the idea that new uses for captives are coming into vogue for many companies. With the exception of customer programs to generate profits, no new program trend has recently emerged. But a growing number of risk managers, chief financial officers, treasurers and chief executive officers of corporations are using captives to protect the company from market swings and to obtain greater control of their financial destiny.


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