Summary |
Captive Insurance Companies begins with an explanation of captives, describing the reasons for their formation and the circumstances in which they can be used to advantage by industrial corporations. This account has been expanded to reflect the growth of interest in captives outside the US and the UK in the past four years. The author then outlines the research and analysis necessary to establish exactly what a company hopes to gain from starting a captive and to determine which sort would be most feasible in the circumstances. The important subjects of reinsurance, underwriting and the location of captives are discussed and have been considerably revised in this edition. They are followed by a detailed account of the management of captives and of their accounting and taxation needs. Loss control is also examined.
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