From: Captive Intelligence
CICA president Dan Towle believes we are living in the “Golden Age” of captive insurance, as we see large numbers of new companies establish captives, greater utilisation than ever before is facilitated and large industrial countries introduce more captive friendly legislation.
As more businesses turn to captive insurance, the captives are becoming more sophisticated than ever and are more strategic than they were a decade ago”Dan Towle, CICA President
Towle made the comments when speaking at the opening address of the European Captive Forum in Luxembourg this morning.
“I have been in captive insurance for nearly thirty years and like many of you have navigated hard and soft market cycles and worked through periods where our industry was constantly under attack,” he said.