Testing times
Captive insurers theoretically come into their own under testing conditions, so how is the sector faring? Ralph Savage examines how concerns over hikes in the cost of letters of credit and the role of Solvency II are impacting the market
Since their original incarnation in the 1950s and 1960s, the size and scope of captive vehicles has altered massively. According to the International Association of Insurance Supervisors' 2008
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