Opportunities for US captive sector from hard market and Covid-19 impact, says Best

The US captive insurance segment could increase its footprint in several lines of business as a result of opportunities created by firming commercial insurance prices and impacts from the Covid-19 pandemic, according to AM Best. “Captives may contemplate opportunities to expand their writings to traditional lines of business where rates have climbed following resurgent catastrophe losses, as well as because…

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