Captives reach new heights

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<abstract displayLabel="Summary">Over the past five years, the popularity of captive insurance companies has skyrocketed. Not only do more than 90% of Fortune 500 businesses own at least one captive, but even small and mid-sized companies have formed them. The motivations for creating a captive have not changed much in the half-century since the first captive was formed in 1962. A company-owned insurance operation provides direct access to reinsurance markets, customized insurance coverage that fills gaps in the commercial market, access to accrued investment income, and incentive to improve loss control. The thinking of many risk managers is simply, why trade dollars with an insurance company when you don't have to?</abstract>
<note type="statement of responsibility">Russ Banham</note>
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<title>Risk Management Magazine</title>
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<publisher>New York : Risk and Insurance Management Society, 1982-</publisher>
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<identifier type="issn">0035-5593</identifier>
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<text>01/03/2018 Volumen 65 Número 2 - marzo 2018 , p. 24-28</text>
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