Zurich announced Wednesday the launch of a group captive product to agency, association and managing general agent (MGA) captives using independently owned segregated portfolio companies. "With the segregated portfolio option we now offer the agencies we work with a broader set of captive capabilities that can help our customers mitigate the cost of forming and maintaining a captive facility," said Lynn Cordes, president, Zurich Alternative Solutions. The segregated portfolio company creates individual captive "cells" that are separate from each other but linked to the captive, segregating the...
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