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Lloyd's Urged To Be Flexible On Captives
National Underwriter Property & Casualty-Risk &Benefits Management
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August 3, 1998|
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COPYRIGHT 1998 The National Underwriter Company. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.
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Lloyd's needs to create a more flexible, user-friendly environment if it wants to successfully attract captive insurers next year, according to several observers who recently submitted comments to Lloyd's about its proposals for captives.
The Lloyd's marketplace is aiming to open its doors to captives for the first time in January 1999.
While the Association of Insurance and Risk Managers, known as AIRMIC, welcomes the proposal to admit captives, "the general consensus is that the present proposal does not offer sufficient attraction to persuade companies to ...
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