Captive.com have created a timeline that reflects the important events that shaped and influenced the development of captive insurance over the past 50 years
History of captives: Hugh Rosenbaum has worked up for captive.com as complete and unbiased a history of the captive insurance business as can be found anywhere. It is written in the form of a timeline of some 175 points, with events of significance running from the early days up until the present day. It reflects the important events that shaped and influenced the development of captive insurance, in terms of the personalities, the regulations, the domiciles, the conferences and publications that have had lasting impact on the captive community. Not every detail or every domicile is included. In fact, there are only 14 individuals mentioned in bold faced type, , along with lots of (but not all) tax cases and regulatory pronouncements. The history is divided into three eras: • The Early Days of Captives (through 1984) • Captives Get Going (1985–2005) • A Changing Captive Landscape (2006–Today) Running through the whole timeline are “statistics” on the number of active captives and premium volume to them. Towards the end, Rosenbaum has to admit that these are pretty approximate and subject to caution – but, as he points out, they are the best we have until the definition of what is a captive is better defined. They are useful to all readers who have to prepare slides showing captive development over time, for instance. It is only available in electronic reading form, not as a coffee-table or doorstopping published book. This is because Rosenbaum expects readers to comment, suggest changes, and add to – or delete some of his entries. It is a “dynamic timeline”, which befits the captive insurance business. Required reading for all CICR readers, at http://www.captive.com/resources/captive-insurance-history
