From: Captive Insurance Times

The captive insurance industry is recording ‘new levels of growth’, says the Captive Insurance Companies Association (CICA).

The remarks were part of the opening keynote of CICA’s international conference, held at the Westin Kierland Resort & Spa.

“We are seeing tremendous growth in the captive industry and we are seeing that reflected in CICA’s growing membership community,” said CICA President Dan Towle. CICA reports a 20 per cent increase in this year’s memberships to 560 members.

Towle said he has experienced the excitement about this global industry growth first-hand in his travels with captive colleagues in the US and Luxembourg, Japan and the Cayman Islands.