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Businessman Uses Tablet To Analyze COVID-19 Economic Fallout Data

COVID-19, Changing Risks Will Add Complexity to Reinsurance Renewals

January 1 reinsurance renewals and related negotiations will likely be lengthier and more complex than in prior years, according to a new report from Guy Carpenter. The intermediary cites several factors that will contribute to the complexities around coming renewals, including slow and uncertain COVID-19 loss development.
November 25, 2020 Read More
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Insurance-Linked Securities Market Demonstrates Resilience: Survey

The insurance-linked securities (ILS) market has demonstrated resilience despite a number of significant tests over the past 3 years, a new report suggests. More than half of reinsurance and insurance companies now use ILS capacity, according to the Willis Towers Watson report.
November 23, 2020 Read More
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Do Your Mental Models Need Updating?

Rapid and profound change requires us to reexamine our mental models. This is true for everyone, including captive owners, board members, and managers. Here are some ideas and suggestions for those interested in updating their mental models.
November 18, 2020 Read More
Brittany Nevins-Vermont Department of Economic Development

Vermont's Brittany Nevins: Helping Vermont Build on Its Success

Brittany Nevins joined the Vermont Department of Economic Development in September as captive insurance economic development director. Recently, Ms. Nevins talked about joining the Vermont domicile and the captive insurance industry, her experiences thus far, and her goals in her new post.
November 16, 2020 Read More
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Pandemic Disruptions Highlight Need for Supply Chain Resilience

As the world grapples with new spikes of the COVID-19 pandemic, it's important to consider the disruptions such global crises can cause to organizations' supply chains. The COVID-19 pandemic created severe disruptions for many organizations' supply chains, and it's likely that a similarly disruptive event will occur in the future.
November 11, 2020 Read More
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Benefits Captives' Value Grows with Rising Medical Costs and COVID-19

Continued increases in medical costs coupled with the ongoing impacts of the COVID-19 pandemic create significant stressors for employers providing healthcare benefits. Increasingly, including a captive insurance company in some employee benefits offerings can be a sound strategy for many of those employers.
November 09, 2020 Read More
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For Captive Owners, There's No Transferring Governance Responsibility

Corporate governance is critically important for captive insurance companies, as well as the managers and other service providers the captive employs. It's the captive's owner, though, that bears the ultimate responsibility for governance. The captive owner is responsible for operating a regulated insurance company and the associated compliance.
November 04, 2020 Read More
The Word Stability with Letters Reflected Underneath and Magnifying Glass over the S

Demotech Second Quarter 2020 Analysis Finds RRGs Remain Financially Stable

Assets and surplus of risk retention groups (RRGs) increased in the second quarter of this year relative to the same period last year, as the alternative risk transfer vehicles continue to provide specialized coverage to their insureds while remaining financially stable, according to a new analysis from Demotech, Inc.
November 02, 2020 Read More
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Property Insurance Captives Take on Added Value in Hardening Market

Many captive insurance company owners have used their captive as part of their property insurance program even in a soft market. Now, as insurance markets harden, a captive can take on even more value as part of a property program.
October 28, 2020 Read More

Recent News

A Time for Thanksgiving

Tree Trunks and Autumn-Colored Leaves Along a Path will observe the Thanksgiving holiday Thursday and Friday, and "Captive Wire" will not be sent Thursday, Friday, and Sunday.
November 25, 2020 Read More

North Carolina Commissioner Vows Support for Captive Insurance

North Carolina Flag Against Blue Sky and Clouds 
North Carolina Insurance Commissioner Mike Causey says he intends to work with both state legislators and the state's captive insurance industry to further enhance North Carolina's status as a top domicile. Mr. Causey was recently reelected to a second term as insurance commissioner.
November 25, 2020 Read More

Matthew Charleson Joins Strategic Risk Solutions' ILS Initiative

Portrait of Matthew Charleson 
Strategic Risk Solutions, Inc. (SRS), and its subsidiaries have announced that Matthew Charleson will join SRS as the chief operating officer of fund services and insurance-linked securities (ILS). Mr. Charleson, who will be based in Bermuda, will join the insurance management and consulting services provider effective on December 7, 2020.
November 24, 2020 Read More

Registration Underway for CICA's Virtual 2020 Awards Ceremony

Gold Award Trophy with Stars in Background 
The Captive Insurance Companies Association's (CICA) 2020 awards ceremony will be a virtual event taking place at 1 p.m. (EST) on December 2, 2020. The online event will focus on recognizing the recipients of CICA's 2020 Distinguished Service Award and Outstanding Captive Award.
November 24, 2020 Read More

AXA XL Introduces Integrated Digital Construction Ecosystem Platform

Construction Worker Using Laptop with Excavator in Background 
AXA XL's North America Construction insurance business has launched its Construction Ecosystem, an integrated digital platform capable of connecting innovative construction technology providers with AXA XL's contractor clients. The new offering is intended to help contractors monitor and aggregate data to help manage risks on jobsites and across their organizations.
November 23, 2020 Read More

9-Month Results Show Reinsurers' Pandemic Losses Starting To Fade

Hand holding globe with face mask on it on top of pile of dollar bills 
The results of 4 major European reinsurers through the 1st 9 months of 2020 are showing that pandemic losses are beginning to fade, according to Fitch Ratings. Event cancellation coverage was the only affected business line that required major adjustments to expected claims, the rating agency said.
November 20, 2020 Read More

FERMA Announces Nominees for Special COVID-19 Risk Management Award

Man holding globe with COVID-19 virus around it 
The Federation of European Risk Management Associations (FERMA) has announced the nominees for its COVID-19 Special Award. The award will honor a risk manager who has shown excellence in responding to the COVID-19 crisis.
November 20, 2020 Read More

A.M. Best Affirms American Contractors Insurance Group's A Rating

The letter A in red, circled in red, on a lined sheet of paper with a pencil next to it 
A.M. Best has affirmed the A (Excellent) financial strength rating of American Contractors Insurance Group (ACIG) with a financial size rating of VII ($100 million to $250 million) in capital and surplus. ACIG was the recipient of the Captive Insurance Companies Association's (CICA's) 2019 Outstanding Captive Award.
November 19, 2020 Read More

Commercial Premium Increases Average 11.7 Percent in 3Q: CIAB

An arrow curving into an upward curve with a percent sign on top 
Commercial insurance premiums continued to increase in the third quarter of 2020, according to the Council of Insurance Agents & Brokers' (CIAB) quarterly Commercial Property-Casualty Market Index. Survey respondents reported moderate to significant increases for all account sizes and all commercial lines, including workers compensation.
November 19, 2020 Read More

Adrian Lynch To Join Artex North America as Executive VP—North America

New Job Written on a Blue Key on a Gray Computer Keyboard 
Adrian Lynch will join the Artex North America leadership team in March 2021 as executive vice president—North America. In this newly expanded role, Mr. Lynch will be responsible for the oversight and growth of the company's captive management offices across the United States, Bermuda, and the Cayman Islands.
November 18, 2020 Read More

Accounting, Tax, Advisory Firm Rives & Associates Rebrands as RH CPAs

Businessman holding the word "rebrand" and symbols for different business aspects 
Rives & Associates, a North Carolina-based firm specializing in accounting, tax, and advisory services, has adopted the new name RH CPAs, PLLC, (RH) to support its growth and recognize an expanded leadership team. RH serves a broad base of clients throughout the United States and international markets.
November 17, 2020 Read More

Carter Lawrence Chosen as Tennessee's Top Insurance Regulator

Congratulations on Your New Job Card and Pen 
Tennessee Gov. Bill Lee has named state insurance regulator Carter Lawrence commissioner of the Tennessee Department of Commerce & Insurance, effective immediately. Prior to his appointment as commissioner, Mr. Lawrence served as the TDCI's chief deputy commissioner and chief operating officer.
November 17, 2020 Read More

Google Parent Explores Captive-Sponsored Catastrophe Bond Solution

Earthquake Highway Sign 
Alphabet, Inc., is reportedly in the process of sponsoring a $237.5 million captive-sponsored catastrophe bond to cover its California earthquake exposure. A story on the website explains that Alphabet will use its Hawaii-domiciled captive insurance company, Imi Assurance, Inc., to act as fronting insurer for the risk.
November 16, 2020 Read More