The number of captive licenses in Montana increased 92 percent in 2006, according to the Montana Captive Insurance Association Inc., which summarized figures published by the Montana Department of Insurance. According to MCIA, there were 23 licensed active captives and risk retention groups in 2006, up from 12 licensed companies in 2005.
“Coverages written by the new captives include medical stop loss, errors & omissions liability, workers compensation, general liability, professional liability, and property for US and worldwide exposures,” MCIA said.
Source: MCIA
Was this article valuable?
Here are more articles you may enjoy.
Catastrophe Bonds’ Huge Market Gains Put Reinsurers on Backfoot 
CyberCube: Insured Loss Estimate From AWS Outage Likely About $40M 
The Future of the Agency in a World of AI 
Old Republic to Acquire Small Farmowner Insurer Everett Cash Mutual 
