An insurance company usually set up by a large non-insurance group, such as a multinational organisation, and which aims to provide cheaper insurance coverage than available in the general market. Captives are often set-up in offshore markets with a favourable tax and regulatory framework. They insure the group's operations, and seek insurance/rein...
Found on
http://www.encyclo.co.uk/local/20197
In business a captive insurance company is an insurance company that is totally owned by another organization and insures only, or mostly, the parent company's risks. In this way the parent organization is able to obtain insurance cover (particularly those classes that are compulsory by law) without having to pay premiums to an organization outside...
Found on
http://www.probertencyclopaedia.com/browse/JC.HTM
No exact match found.
