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:
“My Vanquisher, spoild of his vanted spoile;
Death his deaths wound shall then receive, & stoop
*nglorious, of his mortall sting disarm’d.
I through the ample Air in Triumph high
Shall lead Hell Captive maugre Hell, and show
The powers of darkness bound. Thou at the sight
Pleas’d, out of Heaven shalt look down and smile,”
—John Milton (1608–1674)
“Before I get through with you, you will have a clear case for divorce and so will my wife. Now, the first thing to do is arrange for a settlement. You take the children, your husband takes the house, Junior burns down the house, you take the insurance and I take you!”
—S.J. Perelman, U.S. screenwriter, Arthur Sheekman, Will Johnstone, and Norman Z. McLeod. Groucho Marx, Monkey Business, terms for a divorce settlement proposed while trying to woo Lucille Briggs (Thelma Todd)