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A.M. BestTV: New Jersey Aims for Growth in Captive Insurance Sector

July 11, 2018

OLDWICK, N.J.--(BUSINESS WIRE)--Jul 11, 2018--In this A.M. BestTV episode, insurers, experts and regulators meeting with the Captive Insurance Group of New Jersey say the state remains a smaller market, but continues to grow. Click on http://www.ambest.com/v.asp?v=njcaptive718 to view the entire program.

“I believe New Jersey has excellent prospects,” said Peter Gerken, senior vice president, Steel City Re. “The state looks like it has developed a great operation. … In particular, for companies that want to domicile or set-up a subsidiary here, the state has set some principal focuses that helps it to stand out from other domiciles.”

Daniel Ryan, senior director, A.M. Best, said he believes that, “The state has maintained its position among the top 25 in the captive market. The domicile is becoming more attractive to the captive market, which could bring more opportunities to the New Jersey captive industry.”

Also appearing in this episode:

Sheila Small, executive director, Captive Insurance Group of New Jersey; and Marlene Caride, commissioner, New Jersey Department of Banking & Insurance.

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A.M. BestTV covers exclusive A.M. Best information and reports, targeted topics and key developments in the (re)insurance industry every Monday, Wednesday and Friday. Sign up for alerts of episodes at http://www.ambest.com/multimedia/ambtvsignup.html. View A.M. BestTV episodes at http://www.ambest.tv.

A.M. Best is the world’s oldest and most authoritative insurance rating and information source. For more information, visit www.ambest.com.

Copyright © 2018 by A.M. Best Company, Inc. and/or its affiliates. ALL RIGHTS RESERVED.

View source version on businesswire.com:https://www.businesswire.com/news/home/20180711005600/en/

CONTACT: A.M. Best

Lee McDonald, +1-908-439-2200, ext. 5561

Group Vice President, Publication and News Services

lee.mcdonald@ambest.com

KEYWORD: UNITED STATES EUROPE NORTH AMERICA NEW JERSEY

INDUSTRY KEYWORD: PROFESSIONAL SERVICES INSURANCE

SOURCE: A.M. Best

Copyright Business Wire 2018.

PUB: 07/11/2018 11:30 AM/DISC: 07/11/2018 11:30 AM

http://www.businesswire.com/news/home/20180711005600/en

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