Sandra Duncan and Nick Hentges, of Captive Resources, discuss the dramatic rate of growth in the group captive insurance marketplace, and the factors which have been informing its success.
Captive Review: Captive Resources’ client group captives continue to grow significantly. Is the growth coming from new formations or expanding portfolios?
Nick Hentges: We have seen growth in both of these areas, having successfully formed several new captives over the past 5-6 years. In addition, we’re dramatically growing existing captives organically, by adding new members.
Sandra Duncan: Also, we’ve helped some of the larger, more mature captives to manage growth by developing minimum size parameters for new members. Consequently, there was a need for new captives to accept smaller new members.
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