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.”
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