captive company

In the United States, Vermont is home to more captive insurers than any other U.S. state, with nearly 900 licensed captive companies as of August 2009.

But some American insurance companies and brokers have objected, fearing the proposal will interfere with the "captive companies" that legitimate American companies own and operate outside the United States.

In July 2006, the Bank purchased Fidis Faktoring Polska, a Polish captive company specialized in factoring for the local offices of the Fiat Group.

One is the background to Russia's version of robber capitalism, which Mr. Klebnikov interestingly traces to a vast program by the K.G.B. "to transfer billions of dollars of Communist Party capital to captive companies in the Soviet private sector and abroad."