Captives supporting the US construction boom
Construction companies are increasingly prolific users of captive insurance companies, according to Randy Sadler, principal at CIC Services, at a time when a lower US tax rate and deregulation have encouraged a building boom.
CIC Services works with a large number of midsize construction companies that write insurance through their captives. “Construction accounts for around 6.3 percent of US GDP and around 20 percent of our captives are owned by construction companies, up from around 10 percent three years ago,” said Sadler.
Read the full article on Captive International.