Captive insurance companies are insurance companies established with the specific objective of insuring risks emanating from their parent group or groups, but they sometimes also insure risks of the group's customers.
Read more about Captive Insurance: Origin of Term, Domicile, Business Lines, Regulation, Captive Manager, Main Captive Domiciles
Famous quotes containing the words captive and/or insurance:
“There a captive sat in chains
Crooning ditties treasured well
From his Afric’s torrid plains.
Sole estate his sire bequeathed,—
Hapless sire to hapless son,—
Was the wailing song he breathed,
And his chain when life was done.”
—Ralph Waldo Emerson (1803–1882)
“The Republican convention, an event with the intellectual content of a Guns’n’Roses lyric attended by every ofay insurance broker in America who owns a pair of white shoes.”
—P.J. (Patrick Jake)