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A middle-market or mid-market company is one that is larger than a small business and smaller than a big business. [1] [2] Different authorities use different metrics to compare company sizes — some look at revenue, others at either asset size or number of employees [3] — with the result that different authorities give different definitions of the "middle market".
The middle market is the area of growth for captive managers because more than 90% of Fortune 500 companies already do captives, according to Capstone Associated Services Ltd., [16] a comprehensive manager of small captive insurers with over 140 captives formed for the middle market in the last 15+ years.
A financial intermediary is an institution or individual that serves as a "middleman" among diverse parties in order to facilitate financial transactions.Common types include commercial banks, investment banks, stockbrokers, insurance and pension funds, pooled investment funds, leasing companies, and stock exchanges.
Insurance became far more sophisticated in Enlightenment-era Europe, where specialized varieties developed. Lloyd's Coffee House was the first organized market for marine insurance. Property insurance as we know it today can be traced to the Great Fire of London, which in 1666 devoured more than 13,000 houses.
General insurance is typically defined as any insurance that is not determined to be life insurance. It is called property and casualty insurance in the United States and Canada and non-life insurance in Continental Europe. In the United Kingdom, insurance is broadly divided into three areas: personal lines, commercial lines and London market.
Finding coverage is only half the battle. Florida has one of the toughest home insurance markets in the country, with insurers departing the state in droves and the average cost for $250,000 in ...
Insurance agents understand how frustrating it is when insurance costs keep rising. It's frustrating when something that's supposed to protect you financially starts feeling like a financial burden.
Insurance in the United States refers to the market for risk in the United States, the world's largest insurance market by premium volume. [1] According to Swiss Re, of the $6.782 trillion of global direct premiums written worldwide in 2022, $2.959 trillion (43.6%) were written in the United States.