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Captive net income doubled in 2009: AM Best
09 August 2010
Net income doubled in 2009 over 2008 for a composite of 195 US captive insurers followed by rating agency AM Best, driven by the recovery of the industry’s investments.
Net income doubled in 2009 over 2008 for a composite of 195 US captive insurers followed by rating agency AM Best, driven by the recovery of the industry’s investments.
Realised capital gains totalled $82m for 2009, compared with $1.2bn of realised capital losses in 2008, while net investment income was $1.6bn in 2009, compared with $1.9bn in 2008. According to AM Best, most of the captives it monitors maintain their...
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