Individual and panel interviews with A.M.BestTV
Alejandro Santos, Latin American captive leader, Marsh, said the growth of multinational companies in Latin America has spurred interest in forming insurance captives.
Janita Burke, client services director, Estera, said many captives go through periods of less or greater activity, move into new areas of coverage or even reach liquidation.
Matthew Latham, head of captive programs, XL Catlin, said more stringent governance and capital requirements are causing sponsors to decide whether they want to commit to their captive or consider other approaches.
Jeff Kenneson, senior vice president, R&Q Quest Bermuda, said risk-retention groups looking to unload business, and retiring captive sponsors are active sources of runoff coverage.
Bob Gagliardi, senior vice president, AIG, said captive insurers tend to invest in a small range of assets, but many are able to move into other areas of investment.
