26 pages. Excerpt: The use of captives has steadily increased over the past several years -- and the list of potential applications keeps growing. During the past decade, many employers have reinsured their employee benefit plans (e.g., group term life and long-term disability) through captives. Although U.S. benefit reinsurance transactions have attractedthe most attention, there have been a number of transactions involving global benefits. Many companies are insuring all or a portion of their medical stop-loss coverage through captives.  MORE >>