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FOR IMMEDIATE RELEASE
OLDWICK - OCTOBER 03, 2014 02:37 PM (EDT)
This A.M.BestTV episode examines the New Jersey Captive Insurance Summit, which was held this week in New Brunswick, N.J. Attendees emphasized that domicile growth has been steady, but slow, with opportunities in life reinsurance captives and home-state sponsors.
Cynthia Borrelli of the law firm, Bressler, Amery and Ross, spoke about the legitimate use of captive insurance transactions. "For many years, questions have been raised as to whether captives are legitimate transactions, real insurance and real risk transferences, as well as whether they are just another means to self-insurer so as to take advantage of the tax benefits they provide," said Borrelli. "Captives are risk transfers and legitimate. In fact, they are a force to be reckoned with."
John Talley, chief of captive insurance at the New Jersey Department of Banking and Insurance, spoke about the state's progress. "New Jersey is looking real good, although the industry is not growing fast in the state, it is growing steadily."
Other people who appear in this episode include:
Click here to view the entire video program: http://www.ambest.com/v.asp?v=njcaptives1014.
Recent episodes of A.M.BestTV include:
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