Originally published in the Captive Review, Guernsey Report, October 2008
David Sheil of Alternative Risk Management contemplates the future effects of the current economic climate on the captive industry
In the middle of September, what was a rolling but intensifying financial problem for a number of Wall Street investment banks and a range of other large American financial institutions rapidly turned into an overnight crisis. The warning signs had already been sent out in July with Bear Stearns....
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