Rated US captives build on strengths, says AM Best

US captive insurance companies rated by AM Best continued their positive underwriting results in 2018, with a net underwriting profit of $160m and a post-dividend combined ratio of 96.0% in 2018. The Best-rated captive composite reported a pre-tax profit of approximately $1.1bn (down 16% from the $1.3bn reported in 2017). Net premiums written increased in 2018 by 4.4%, reversing the…

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