Tightening market puts pressure on midsize firms
Insurance costs have risen sharply for many manufacturers, and especially for midsize firms caught between market volatility and carrier retrenchment. “We work a lot in the group captive space,” said Renno, noting that self-insurance pools can offer greater control and stability – but only to companies that meet certain criteria. “It’s by far the most competitive and stable insurance available,” he said. Participation often depends on claims history, premium volume, and financial strength.