US Captive, April 2009 US Captives looks at what is fuelling the impressive growth in the number of captives in the Bluegrass State.
Since establishing its first captive in 2002, the State of Kentucky has come a long way. Kentucky now has 76 licensed captives. Nine joined its market in the first three months of this year, following on from the 31 that were licensed in the state in 2008. Even in the current economic downturn, there are signs of rate hardening, particularly in reinsurance. The state is well positioned for continued growth for three reasons, says Russell Coy II, captive co-ordinator in the Kentucky Department of Insurance...