Best Special Report: Rated Bermuda and Cayman Captives Sustain Strong Operating Results
The Best’s Special Report, titled, “The Beat Goes On: Rated
The
Unlike traditional property/casualty insurers, captives are not pressured by stakeholders for returns on equity (ROE) or revenue growth. Extensive use of reinsurance allows these companies to transfer a significant amount of catastrophe risk, resulting in less volatile results compared with traditional insurers.
In A.M. Best’s view, the overall prognosis for captive insurers is a healthy one. This view is based on the success of the captive business model, the efficiencies gained from the use of alternative risk transfer and the benefits of increased risk awareness and loss control, as well as the ability to integrate sound risk management practices throughout the organization, all of which lead to operating results that outperform the commercial market.
To access a copy of this special report, please visit http://www3.ambest.com/bestweek/purchase.asp?record_code=265429.
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