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Fearing that its stable of captive clients would likewise revolt, Morgan partners insisted on sole management of the issue.
They enjoy better brand recognition and have millions of captive clients -- Bradesco alone has more than 13 million -- to sell products to.
One of Enoch Powell's most famous quips was prompted by an encounter with the resident House of Commons barber: a notoriously chatty character, who enjoyed treating captive clients to his views on politics and the state of the world.
Through Pan American, Feedback participated in a terrorism risk pool, which in reality simply appeared to be an account though which money temporarily passed to and from Clark's captive clients, earning the sobriquet of "risk distribution" in the interim.
The premium amounts were determined by a spreadsheet that Capstone's McNeel generated by starting with "base rates" for "common policies" that other Capstone captive clients were charging, and then McNeel adjusted those rates as he saw fit.
When this happens, the problems for the captive manager become two-fold: First, the captive clients are probably going to shut down their captives, thus killing their captive management business.
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"This is just, as we call it, milking the market and your captive client base".
Every company that failed and was reorganized by a bank ended up the bank's captive client.
In many cases private banks may be part of larger groups that see an advantage in having a captive client base for their other activities.
City financiers are enamoured of water companies because they have captive client bases that cannot switch to other providers even if they are displeased.
MFIs, for instance, often have effective distribution systems and huge and captive client bases in excess of 100,000, and sometimes 500,000, low-income people.
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CEO of Professional Science Editing for Scientists @ prosciediting.com