CONTENTS
CONTENTS
12 40 years in the making From a handful of trail-blazing founding members, CICA has evolved into a truly global industry association representing hundreds of captives and industry service providers. Here, its roots, milestones and future expectations are explored by a group of industry veterans who have seen it all.
18 From strength from strength Roger Crombie provides a detailed look at the history of captives, from the 19th century to the present day.
24 From tiny acorns... From humble beginnings captives have, over time, proved themselves invaluable risk management tools to a growing pool of international companies. Here, their evolution is explored.
28 Creative structures Roger Crombie explores the various structures available to those considering captive insurance in an ever-expanding.
34 Vive la difference! Hugh Rosenbaum, a long-term supporter and self professed “outspoken critic” of CICA, provides a detailed rundown of the major captive differentiators and what this variation means for those employing captive entities.
38 A formal education Education for practitioners in the captive industry has been formalised and enhanced to include a professional designation. Dennis Harwick and Mitch Cantor outline what the International Center for Captive Insurance Education (ICCIE) has to offer.
40 A changing regulatory landscape Thomas Jones outlines the changing regulatory and domiciliary landscape of captives from the 1970s to the present day.
42 The growth of captives Mike Mead discusses the major drivers behind the long-term growth of captives and suggests that future entrants will be increasingly motivated by captive innovation.
44 Enhanced cooperation From an initial position of suspicion, the captive industry has slowly won over service providers who have played an increasingly prominent role in the development of captive insurance. Les Boughner explains.
46 Drivers of captive growth Arthur Koritzinsky of Marsh gives his thoughts on the drivers of recent captive formations, the success of smaller 831b captives and why greater tax clarity will help drive future captive numbers.
CICA | Forty years of captive leadership
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