Captive insurance companies are insurance companies established with the specific objective of insuring risks emanating from their parent group or groups, but they sometimes also insure risks of the group's customers.
Other articles related to "captive insurance, insurance, captive, captives":
... Captive insurance plays an increasingly large role in Vermont's economy ... With this form of alternative insurance, large corporations or industry associations form standalone insurance companies to insure their own risks, thereby substantially reducing their insurance ... significant tax advantages to be gained from the formation and operation of captive insurance companies ...
... Domicile Captive Number Percentage Bermuda* 958 19.3% Cayman Islands* 765 15.4% Vermont* 567 11.4% Guernsey* 368 7.4% Luxembourg* 262 5.3% Barbados* 256 5.2% Ireland* 224 4.5% British ... Source Business Insurance News Captives 2008 **2008 Updated stats ... Source http//www.captive.utah.gov/hotnews.html #2007 Updated stats ...
Famous quotes containing the words insurance and/or captive:
“Women hock their jewels and their husbands insurance policies to acquire an unaccustomed shade in hair or crêpe de chine. Why then is it that when anyone commits anything novel in the arts he should be always greeted by this same peevish howl of pain and surprise? One is led to suspect that the interest people show in these much talked of commodities, painting, music, and writing, cannot be very deep or very genuine when they so wince under an unexpected impact.”
—John Dos Passos (18961970)
“The creative writer is usually captive to his next book.”
—Fannie Hurst (18891968)