New alternatives. (Property/Casualty).
Previous estimates greatly understated the significance of the captive market to the corporate and insurance sectors.
The captive market's premium growth rate in 2000 continued to significantly outpace the commercial insurance sector in all major markets. In the United States 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 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 to growth of the alternative market in the first half of 2001 through self-insurance, captives and capital-market solutions, as commercial insurance rates continued to increase and capacity continued to shrink.
The tragic events of Sept. 11 and the resulting uncertainty created in both the reinsurance 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 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 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
|Printer friendly Cite/link Email Feedback|
|Comment:||New alternatives. (Property/Casualty).(Statistical Data Included)|
|Article Type:||Statistical Data Included|
|Date:||Jun 1, 2002|
|Previous Article:||Taking flight: since Sept. 11, travel insurance rates and sales have been on an upswing. (Property/Casualty).|
|Next Article:||Risk takes center stage: the RIMS convention examined how the terrorist attacks and corporate bankruptcies have changed the art of risk management....|