Captive Insurance Industry and Alternative Risk Transfer Market News



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Are You Ready To Serve on a Captive Board?

These three thoughts can help determine if you are ready to serve on a captive board of directors. Building from a "Harvard Business Review" article, we offer three other ways to determine if you should consider seeking a board role.
February 19, 2020 Read More
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South Carolina's Jay Branum Says Captives Have a Bright Future

While more than 30 US states have captive statutes, only a handful have a significant number of captives, says Jay Branum, director of captives at the South Carolina Department of Insurance.
February 17, 2020 Read More
Advertisement—Click here to find out how to get a free Liability Insurance for Nontrucking Use—Bobtail and Deadhead Coverage white paper from IRMI

Get Up to Speed on Trucking Liability Insurance!

In this new IRMI white paper, "Liability Insurance for Nontrucking Use—Bobtail and Deadhead Coverage," you'll explore insurance for nontrucking use (IFNTU) coverage, what it is, solutions for addressing its unique exposures, and the court decisions interpreting the scope of IFNTU.
February 12, 2020 Read More
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Social Inflation—The Drumbeat Continues

We take a follow-up look at social inflation and its impact on 2020 renewal rates. Based on information from multiple sources, including Guy Carpenter and Willis, captives need to be taking action now.
February 10, 2020 Read More
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3 Modes of Planning—A Primer for Captives

This primer on one methodology for classifying the type of planning your captive may undertake explores three modes along with factors that influence planning.
February 05, 2020 Read More
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The Truth about Commercial Cyber-Risk Insurance

A captive insurance company could help small-to-midsized business owners mitigate cyber risk in a cost-effective and practical way.
January 29, 2020 Read More
Construction Risk Thought Leadership Report

What Are the Hot Trends in Construction Risk?

Staying abreast of trends in construction risk and insurance is no easy task. "Construction Risk Thought Leadership," a free IRMI publication sponsored by Marsh, includes 7 quick-and-easy-to-read articles based on interviews with 15 construction risk and insurance experts.
January 27, 2020 Read More
Image of Sandy Bigglestone, VT Director of Captive Insurance

It's Not about the Numbers—It's the Quality, Says Sandy Bigglestone

Vermont's Sandy Bigglestone says the captive domicile's leadership position, with its rich captive resources, will continue.
January 22, 2020 Read More
Image of Silhouettes, Arrows Representing 2020 Company Growth

Modest Captive Growth in 2019 with More Growth Expected in 2020

Captive insurance company formations increased only modestly in 2019, but captive regulators and managers expect more growth this year.
January 20, 2020 Read More

Recent News

Tennessee Captive Domicile Licenses 200th Captive Insurer

Blue road sign with silhouette of state of Tennessee and "Tennessee, the volunteer state, welcomes you" written on it.   
Joining just a handful of other US domiciles, Tennessee last week licensed its 200th captive.
February 21, 2020 Read More

Global Insurance M&A at a 4-Year High with More To Come in 2020

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The volume of mergers and acquisitions (M&A) in the insurance sector increased 10 percent in 2019 with 419 deals completed worldwide, up from 382 in 2018.
February 21, 2020 Read More

Bermuda Insurance Sector Remains Resilient to Catastrophe Scenarios

Bermuda flag with ragged edges 
The Bermuda Monetary Authority recently reviewed the Bermuda insurance sector's capacity to absorb shocks from catastrophe risk events.
February 20, 2020 Read More

Solvency II Review To Dominate Regulatory Agenda for European Insurers

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The European Commission's 2020 review of Solvency II is likely to be the dominant regulatory theme in European insurance over the next few years, according to Fitch Ratings.
February 20, 2020 Read More

US Property and Casualty Insurance 2020 Outlook

Calendar with 2020 above 12 months with multicolored titles 
In a recent Kroll Bond Rating Agency (KBRA) report, the rating agency said it believes the US property and casualty insurance sector in 2020 is stable, based on a number of expectations.
February 19, 2020 Read More

SIIA Offers Insights Following IRS Micro-Captive Settlement Results

White Speech Bubble with the Word Insight in Black Letters on Dark Blue Background 
The Self-Insurance Institute of America, Inc. (SIIA), said in a statement that the vast majority of captive insurance participants are not only doing the right thing but are left untouched by the recent Internal Revenue Service (IRS) global settlement initiative offered last year.
February 18, 2020 Read More

AI Expected To Transform Financial Services Industry within 2 Years

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A new survey released by the World Economic Forum and the Cambridge Centre for Alternative Finance (CCAF) found nearly two-thirds (64 percent) of financial services leaders expect to be mass adopters of artificial intelligence (AI) in just 2 years compared to just 16 percent doing so today.
February 18, 2020 Read More

Join IRMI as a Captive and Risk Finance Product Manager

Do you have experience working with captive insurance or risk finance programs? Do you have a passion for learning, doing research, teaching others, and writing? Would you like an opportunity to become a recognized expert while engaging this passion? Join IRMI in our role of captive and risk finance product manager.
February 17, 2020 Read More

KBRA Affirms Ratings for Premia Reinsurance Ltd.

A businessman 
Kroll Bond Rating Agency (KBRA) affirmed the insurance financial strength rating of A- for Premia Reinsurance Ltd., a Class 4 Bermuda specialty reinsurer focused on acquiring nonlife runoff liabilities.
February 14, 2020 Read More

Aon: Reinsurance Industry Handles 2019 Losses Comfortably

Six panels, each showing a different natural disaster: tornado, earthquake, tsunami, volcano eruption, hurricane, and wildfire 
The 409 natural catastrophe events of 2019 resulted in economic losses of $232 billion. Of that total, private sector and government-sponsored insurance programs covered $71 billion.
February 14, 2020 Read More

Conditional Licensing Boosts Delaware Captive Formations in 2019

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Delaware licensed 56 captives in 2019, with most of the new captives licensed under a fast-track procedure.
February 13, 2020 Read More

Florida Loss Creep Expected To Weigh on June Reinsurance Renewals

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Anticipated reinsurance rate increases for Florida-specific property insurance companies in the upcoming June renewal period potentially could pressure the more thinly capitalized companies in the market.
February 13, 2020 Read More

Marsh Finds Global Commercial Insurance Pricing Increased 11 Percent

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Marsh's fourth quarter 2019 "Global Insurance Market Index" revealed that commercial insurance prices increased 11 percent.
February 12, 2020 Read More