According to a recent article published in Business Insurance magazine, captive insurance companies have really grown up into a mainstream tool for managing enterprise risks. With the regulatory changes made in numerous state departments of insurance, it is far easier to form and benefit from a captive today. Coupled with a surge in premiums and a cutback in capacity in the traditional insurance markets, captives help fill a void as business owners seek out new vehicles for protecting against enterprise risks. In fact, there are over 7,000 captives spread across 30 states today representing a significant growth in the captive market. Oxford’s captive insurance growth, mirrors this pattern over the past several years and is poised to continue expanding in the captive market.
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