Friday, April 26, 2024

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Medical malpractice’s “never ending” hard market ensures captives crucial to US healthcare

Due to the rising costs of medical malpractice insurance, those working in the health industry are being forced into captive utilisation to “continue to practice medicine”.

The Cayman Islands has been the go-to captive jurisdiction for US healthcare organisations with around a third of Cayman captives related to healthcare. Captive Intelligence spoke to captive owners, managers and consultants on the topic while at the Cayman Captive Forum in December 2022.

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