OLDWICK, N.J.--(BUSINESS WIRE)--Despite a general increase in the level of loss and loss-adjustment expenses (LAE) in 2014, U.S. captive insurers (captives) rated by A.M. Best continue to outperform the commercial sector in most key financial measures. After a relatively benign loss year in 2013, the loss and LAE expense ratios for a number of the larger captives increased in 2014, resulting in a 12-point deterioration in the overall loss and LAE expense ratio, according to a new special report
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