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Updated: May 19, 2025
The Pittsburgh group comprised about forty men, most of whom retired as millionaires, though their names for the most part signify little to the present-day American. Kloman, Coleman, McCandless, Shinn, Stewart, Jones, Vandervoort are all important men in the history of American steel.
Felix Kloman of Risk Management Reports estimated that $21 billion in total annual premiums were paid to captives in 1999. The Air Transport Association and Marsh, an insurer, are in the process of establishing Equitime, a captive, backed by the US government as an insurer of last resort.
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