Rent-a-Captives Making Inroads

By: Workers' Comp Executive

As premiums continue to shrink, and commissions along with them, more and more brokers are signing on with rent-a-captive insurance companies. At least it's a shot for some brokers who have an opportunity to increase their own revenues.These arrangements, with companies which usually cede much of their premiums to offshore reinsurers, allow insurance brokers to share in the profits and losses of business they write. Rent-a-captive deals also allow them to stay closer to clients and mai

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