New alternatives. (Property/Casualty).Nearly half of the risks of the U.S. commercial market will be placed in the alternative market by 2003, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. new information gathered by A.M. Best Co. Previous estimates greatly understated the significance of the captive captive said of naturally wild or feral animals kept in captivity for educational and scientific investigation with no attempt being made to domesticate them. market to the corporate and insurance sectors. The captive market's premium growth rate in 2000 continued to significantly outpace out·pace tr.v. out·paced, out·pac·ing, out·pac·es To surpass or outdo (another), as in speed, growth, or performance. outpace Verb [-pacing, the commercial insurance sector in all major markets. In the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. alone, the captive sector increased net premiums written at four times the commercial market's robust 7.2% rate. Growth is expected to continue as risk managers make better use of their existing captives. Group captives will see steady growth in membership, as will segregated-cell companies, particularly from middle-market The term middle-market may refer to either a type of newspaper or a type of company. A middle-market newspaper is one that attempts to cater to readers who want some entertainment value from their newspaper as well as adequate serious coverage of significant news companies that are affected heavily by a hardened market. New captives to handle pricing, coverage and capacity disruptions caused by the commercial insurance market also will fuel growth. The environment remained conducive con·du·cive adj. Tending to cause or bring about; contributive: working conditions not conducive to productivity. See Synonyms at favorable. to growth of the alternative market in the first half of 2001 through self-insurance self-insurance, n the setting aside of funds by an individual or organization to meet anticipated dental care expenses or dental care claims, and accumulation of a fund to absorb fluctuations in the amount of expenses and claims. , captives and capital-market solutions, as commercial insurance rates continued to increase and capacity continued to shrink shrink Vox populi noun A psychiatrist . The tragic events of Sept. 11 and the resulting uncertainty created in both the reinsurance The contract made between an insurance company and a third party to protect the insurance company from losses. The contract provides for the third party to pay for the loss sustained by the insurance company when the company makes a payment on the original contract. and commercial insurance markets have only accelerated the migration, as risk managers and their advisers react to a situation forced upon them. BEST'S CAPTIVE DIRECTORY UPDATE The Best's Captive Directory has added 83 newly licensed captives to its listings. Best's Captive Directory is the authoritative reference source for comprehensive information on captive insurance Captive insurance companies are limited purpose insurance companies established with the specific objective of financing risks emanating from their parent group or groups, they sometimes also insure risks of the parent company's customers. companies worldwide. The directory, published by A.M. Best Co., lists about 4,400 single-parent and group captives as well as governmental pools and group self-insurance funds. Below is a listing of the newly licensed captives since an update to the directory was published in the February February: see month. 2002 issue of Best's Review. Best's Captive Directory can be purchased by contacting Customer Service at (908) 439-2200, Ext. 5742.
Insurance Company Sponsor
Enbridge Insurance (Barbados IPL Enterprises Inc
QIC) Ltd
International Underwriting Inter-Insurance Agency
Insurance Co Ltd Services Ltd
Aegis Electric & Gas Insurance
Solutions Ltd
AGGCAP Insurance Ltd
Arbour Reinsurance Co Ltd
Aria Ltd
Asco Bermuda Ltd
Falvey Insurance Co Ltd
Fitzwilliam (SAC) Insurance
Ltd
IES Reinsurance Ltd
Kaith Re Ltd
Lavida Ltd
Marathon Insurance Co Ltd
MHI Ltd
Oil Newoc Ltd
PRG-Schultz Insurance Ltd
Primary (SAC) Ltd
Restaurant Reinsurance Ltd Restaurant Insurance
Holdings
Sencare Risk Service Ltd
Six Pines Insurance Ltd
Tantalon International
Insurance Co Ltd
Topsail Re (SAC) Ltd Purpose Trust
Finsureco Ltd Digital Commerce Company
G & L Casualty & Indemnity Ltd
SRB Casualty & Indemnity Ltd
Assurecare
EMCA Insurance Co Ltd
Heritage Valley Insurance Co Ltd
Medical Eye Service Reinsurance
MHA Reinsurance & Casualty Ltd
Caring Communities Insurance Co
Volunteer Insurance Ltd
Mountain Lake Insurance Ltd
Comprehensive Indemnity Ltd
Clark/Bardes Reinsurance Ltd
Independence Group
Stop-Loss Insurance Services Ltd
Magellan International Insurance
(Cayman) SPC
Sunland Insurance SPC
HBA Indemnity
Heartland Group Ltd
Premier Plus Insurance Co Ltd
Columbia Indemnity Ltd
Little Bijou Indemnity Co
Superior Providers Insurance
Co SPC LTD
Midwestern National Insurers Ltd
Inreco International Reinsurance Co
Parallel Insurance Services Ltd U-Drive Ltd
Selfriders Insurance (Guernsey) Ltd Selfriders Retail Ltd
Thomas Miller Insurance PCC Ltd Thomas Miller
Woolworths Insurance (Guernsey) Ltd Woolworth Group
Buchanan Insurance Co Ltd
Mithras Insurance Ltd
Norton Waverly Insurance PCC Ltd Norton Waverly
Goitre Insurance Co Ltd Goitre Tower Anthracite Ltd
MITIE Reinsurance Co Ltd
AMD Reinsurance Co Inc
Caregivers Reinsurance Inc
National City Mortgage Insurance
Co Inc
Elia Re SA Electrabel
Teide Re SA Cepsa
National Independent Truckers
Insurance Co RRG
Plastic Omnium Re
Advin Assurance Corp
Mountainview Insurance Co Inc Hillbrook Insurance Co Inc
Northgroup Captive Insurance Inc Banknorth Group Inc
Power Consultants Insurance Co Sargent & Lundy Service Inc
HCI Inc Highmark Inc
IXP Inc Boston Properties Limited
Partnership
CTN Assurance Co Engelhard Corp
First Division Insurance Co Tribune Co
Guardwell Insurance Co Wellman Inc
SIB Insurance Co SIB Mortgages
MGMM Insurance Co MGM Mirage
Regis Insurance Group Regis Corp
Abbott Park Abbott Labs
Marshall Street Insurance Co Everett Smith Group
Buena Vista Insurance Co Walt Disney Corp
Midwest Indemnity Inc US Bancorp
Pacific Northwest Insurance Co Premera Blue Cross
Community Hospital Alternative
For Risk Transfer (A Reciprocal
RRG) PA Health Systems
National Union Fire Insurance National Union Fire
Company of VT Insurance Company
of Pittsburgh PA
Insurance Company Domicile
Enbridge Insurance (Barbados Barbados
QIC) Ltd
International Underwriting Barbados
Insurance Co Ltd
Aegis Electric & Gas Insurance Bermuda
Solutions Ltd
AGGCAP Insurance Ltd Bermuda
Arbour Reinsurance Co Ltd Bermuda
Aria Ltd Bermuda
Asco Bermuda Ltd Bermuda
Falvey Insurance Co Ltd Bermuda
Fitzwilliam (SAC) Insurance Bermuda
Ltd
IES Reinsurance Ltd Bermuda
Kaith Re Ltd Bermuda
Lavida Ltd Bermuda
Marathon Insurance Co Ltd Bermuda
MHI Ltd Bermuda
Oil Newoc Ltd Bermuda
PRG-Schultz Insurance Ltd Bermuda
Primary (SAC) Ltd Bermuda
Restaurant Reinsurance Ltd Bermuda
Sencare Risk Service Ltd Bermuda
Six Pines Insurance Ltd Bermuda
Tantalon International Bermuda
Insurance Co Ltd
Topsail Re (SAC) Ltd Bermuda
Finsureco Ltd British
Virgin Islands
G & L Casualty & Indemnity Ltd British
Virgin Islands
SRB Casualty & Indemnity Ltd British
Virgin Islands
Assurecare Cayman
EMCA Insurance Co Ltd Cayman
Heritage Valley Insurance Co Ltd Cayman
Medical Eye Service Reinsurance Cayman
MHA Reinsurance & Casualty Ltd Cayman
Caring Communities Insurance Co Cayman
Volunteer Insurance Ltd Cayman
Mountain Lake Insurance Ltd Cayman
Comprehensive Indemnity Ltd Cayman
Clark/Bardes Reinsurance Ltd Cayman
Independence Group Cayman
Stop-Loss Insurance Services Ltd Cayman
Magellan International Insurance
(Cayman) SPC Cayman
Sunland Insurance SPC Cayman
HBA Indemnity Cayman
Heartland Group Ltd Cayman
Premier Plus Insurance Co Ltd Cayman
Columbia Indemnity Ltd Cayman
Little Bijou Indemnity Co Cayman
Superior Providers Insurance
Co SPC LTD Cayman
Midwestern National Insurers Ltd Cayman
Inreco International Reinsurance Co Cayman
Parallel Insurance Services Ltd Guernsey
Selfriders Insurance (Guernsey) Ltd Guernsey
Thomas Miller Insurance PCC Ltd Guernsey
Woolworths Insurance (Guernsey) Ltd Guernsey
Buchanan Insurance Co Ltd Guernsey
Mithras Insurance Ltd Guernsey
Norton Waverly Insurance PCC Ltd Guernsey
Goitre Insurance Co Ltd Guernsey
MITIE Reinsurance Co Ltd Guernsey
AMD Reinsurance Co Inc Hawaii
Caregivers Reinsurance Inc Hawaii
National City Mortgage Insurance
Co Inc Hawaii
Elia Re SA Luxembourg
Teide Re SA Luxembourg
National Independent Truckers
Insurance Co RRG South Carolina
Plastic Omnium Re Switzerland
Advin Assurance Corp St. Lucia
Mountainview Insurance Co Inc Vermont
Northgroup Captive Insurance Inc Vermont
Power Consultants Insurance Co Vermont
HCI Inc Vermont
IXP Inc
Vermont
CTN Assurance Co Vermont
First Division Insurance Co Vermont
Guardwell Insurance Co Vermont
SIB Insurance Co Vermont
MGMM Insurance Co Vermont
Regis Insurance Group Vermont
Abbott Park Vermont
Marshall Street Insurance Co Vermont
Buena Vista Insurance Co Vermont
Midwest Indemnity Inc Vermont
Pacific Northwest Insurance Co Vermont
Community Hospital Alternative
For Risk Transfer (A Reciprocal
RRG) Vermont
National Union Fire Insurance
Company of VT
Vermont
Insurance Company Manager
Enbridge Insurance (Barbados International Insurance
QIC) Ltd Management
International Underwriting International Insurance
Insurance Co Ltd Management
Aegis Electric & Gas Insurance Becher & Carlson
Solutions Ltd
AGGCAP Insurance Ltd Quest Management Services Ltd
Arbour Reinsurance Co Ltd Codan Management Ltd
Aria Ltd Symphony Management
Asco Bermuda Ltd Marsh
Falvey Insurance Co Ltd JLT Risk Solutions
Fitzwilliam (SAC) Insurance Castlewood Ltd
Ltd
IES Reinsurance Ltd HSBC Insurance Solutions
(Bermuda) Ltd
Kaith Re Ltd International Advisory Services
Lavida Ltd Symphony Management
Marathon Insurance Co Ltd Marsh
MHI Ltd International Advisory Services
Oil Newoc Ltd Oil Management Services Ltd
PRG-Schultz Insurance Ltd Primary Management (Bermuda) Ltd
Primary (SAC) Ltd Primary Management (Bermuda) Ltd
Restaurant Reinsurance Ltd JLT Risk Solutions
Sencare Risk Service Ltd Castlewood Ltd
Six Pines Insurance Ltd International Advisory Services
Tantalon International International Advisory Services
Insurance Co Ltd
Topsail Re (SAC) Ltd JLT Risk Solutions
Finsureco Ltd
Belmont Insurance
Management
G & L Casualty & Indemnity Ltd
AMS Insurance Management
SRB Casualty & Indemnity Ltd
AMS Insurance Management
Assurecare Gallagher
EMCA Insurance Co Ltd Marsh
Heritage Valley Insurance Co Ltd Marsh
Medical Eye Service Reinsurance Willis
MHA Reinsurance & Casualty Ltd HSBC Insurance Management
Caring Communities Insurance Co HSBC Insurance Management
Volunteer Insurance Ltd Mutual Risk
Mountain Lake Insurance Ltd Chandler
Comprehensive Indemnity Ltd Chandler
Clark/Bardes Reinsurance Ltd Mutual Risk
Independence Group Mutual Risk
Stop-Loss Insurance Services Ltd Marsh
Magellan International Insurance
(Cayman) SPC Marsh
Sunland Insurance SPC Crusader
HBA Indemnity JLT Risk Solutions
Heartland Group Ltd Mutual Risk
Premier Plus Insurance Co Ltd JLT Risk Solutions
Columbia Indemnity Ltd JLT Risk Solutions
Little Bijou Indemnity Co Risk Cap
Superior Providers Insurance
Co SPC LTD Aon Insurance Managers
Midwestern National Insurers Ltd Chandler
Inreco International Reinsurance Co Marsh
Parallel Insurance Services Ltd Thomas Miller
Selfriders Insurance (Guernsey) Ltd Heath Lambert
Thomas Miller Insurance PCC Ltd Thomas Miller
Woolworths Insurance (Guernsey) Ltd Willis
Buchanan Insurance Co Ltd Normandie
Mithras Insurance Ltd Aon Insurance Managers
Norton Waverly Insurance PCC Ltd Bacon & Woodrow
Goitre Insurance Co Ltd Marsh
MITIE Reinsurance Co Ltd Willis
AMD Reinsurance Co Inc Aon Insurance Managers
Caregivers Reinsurance Inc Aon Insurance Managers
National City Mortgage Insurance
Co Inc AIG Insurance Management
Elia Re SA Marsh
Teide Re SA Marsh
National Independent Truckers
Insurance Co RRG USA Risk Group
Plastic Omnium Re Aon Insurance Managers
Advin Assurance Corp Hewanorra
Mountainview Insurance Co Inc Marsh
Northgroup Captive Insurance Inc Aon Insurance Managers
Power Consultants Insurance Co Strategic Risk
HCI Inc Aon Insurance Managers
IXP Inc
Marsh
CTN Assurance Co Marsh
First Division Insurance Co Aon Insurance Managers
Guardwell Insurance Co Willis
SIB Insurance Co Yankee Captive Management
Inc
MGMM Insurance Co Willis
Regis Insurance Group SB&T
Abbott Park Marsh
Marshall Street Insurance Co Marsh
Buena Vista Insurance Co Aon Insurance Managers
Midwest Indemnity Inc Marsh
Pacific Northwest Insurance Co Marsh
Community Hospital Alternative
For Risk Transfer (A Reciprocal
RRG) Marsh
National Union Fire Insurance
Company of VT
AIG
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