Captive Insurance Industry and Alternative Risk Transfer Market News



Steve Kinion-SF

Why Go Captive, or Why Not?

A new Captive Thought Leader Video featuring Steve Kinion, director at the Bureau of Captive and Financial Insurance Products—Delaware Department of Insurance, titled "Why Go Captive?" has recently been added to the video library.
November 18, 2019 Read More
Lloyds Building Entrance-SF

Lloyd's "Blueprint One": A Critique

In this review and critique of the recently released Lloyd's "Blueprint One," a strategic plan for the future of the market, we offer commentary concerning how captive insurers may want to participate in this process. Additionally, we are seeking feedback from captives with their own thoughts of this process.
November 13, 2019 Read More
Ian Davis-SF

Vermont's Ian Davis Is Optimistic about Captives

Vermont's Ian Davis discusses the ins and outs of captive insurance in the Vermont captive domicile.
November 11, 2019 Read More
Grand Cayman CCF 2019 SF

IMAC Update on the Fast-Approaching Cayman Captive Forum recently caught up with Insurance Managers Association of Cayman (IMAC) to discuss the world's largest captive insurance conference, the Cayman Captive Forum, happening December 3–5 at The Ritz-Carlton, Grand Cayman, Cayman Islands. readers can still register online until November 29.
November 07, 2019 Read More
MeToo Insurance-SF

Captive Insurance: Mitigating #MeToo-Related Reputational Risk

Captive insurance planning has the potential to help mitigate reputational risk as the burgeoning #MeToo movement continues to spread and more people are implicated. It is a tailored approach that could mean the difference between financial ruin and resilience.
November 06, 2019 Read More
Stephen Nedwicki-SF

Captive Insurance Companies and Investing

Investing for a captive insurance company revolves around the level of risk the captive is willing to take according to Stephen Nedwicki, vice president and institutional investment strategist with the institutional services group at Comerica Bank. Find out more on
November 04, 2019 Read More
Money Balloon Clouds-SF

Five Thoughts on Social Inflation

We explore the impact of "social inflation" on insurance claims and the difficulty it presents for insurance companies, particularly captive insurance companies. We offer five thoughts on what captives can do to prepare for this trend.
October 30, 2019 Read More
Bruce Wright

Why Move Your Captive to a Different Jurisdiction

People often have an issue that causes them to consider moving their captive insurance company to a different jurisdiction, according to Bruce Wright of Eversheds Sutherland. While, for instance, a company's management may decide that having the captive in a specific jurisdiction is perceived unfavorably, other reasons are more substantive.
October 23, 2019 Read More
Audit IRS or Financial-SF

The IRS's Settlement Offer to Micro-Captive Insurance Companies

To begin dealing with the swell of micro-captive cases amid shrinking resources, last month the Internal Revenue Service (IRS) issued a notice announcing the mailing of a settlement offer for certain taxpayers under examination for participating in "abusive micro-captive insurance transactions." Brown Smith Wallace discusses the issue.
October 21, 2019 Read More

Recent News

US P&C Insurance Companies Replacing Higher-Cost Debt

Money Hourglass-SF 
US property and casualty (P&C) insurance and reinsurance companies are using low interest rates to extend their debt maturity profiles and replace higher-cost debt with often significantly lower-cost alternatives, according to AM Best.
November 18, 2019 Read More

WTW Seeing Biggest Upward Price Shift in Years

2020 Upward Trend 
North American commercial insurance buyers will face sizable price increases in 2020, across most lines of insurance, according to Willis Towers Watson's "2020 Insurance Marketplace Realities."
November 15, 2019 Read More

The Oregon Captive Insurance Domicile

Oregon Relief Map 
While Oregon is a relatively small captive domicile, the state has enjoyed significant captive growth over the last few years. At the end of 2018, Oregon had 17 captive insurance companies, which is more than double compared to 2014, when the state had just 8 captives.
November 15, 2019 Read More

Dan Saddler Wins 2019 Gary E. Bird Horizon Award

Dan Saddler - Structure Tone 
Dan Saddler, vice president of safety for Structure Tone Southwest, received the 2019 Gary E. Bird Horizon Award at the IRMI Construction Risk Conference. Mr. Saddler's winning submission, "Enhancing the Behavior-Based Safety Process," detailed the revitalization of his organization's behavior-based safety program.
November 14, 2019 Read More

US/China Trade Conflict Poses the Top Risk to Global Growth

Asia Pacific 
Insurance markets continue to support resilience, with global premiums forecast to increase by 3 percent annually in real terms in 2020 and 2021, despite a slowing world economy, according to the latest Swiss Re sigma, "Sustaining resilience amid slowing growth: global economic and insurance market outlook 2020/21."
November 14, 2019 Read More

David B. Dolnick Honored with Bill McIntyre Leadership Award

David Dolnick-SF 
David B. Dolnick, president of Dolnick Risk Advisors, was recently honored as the recipient of the Bill McIntyre Leadership Award, which recognizes visionary leaders who demonstrate commitment to construction risk management through creativity, service, mentoring, and education.
November 13, 2019 Read More

Market Continues To Firm in Most Regions of the Globe

global increase -SF 
According to Marsh's "Global Insurance Market Index," the third quarter of 2019 signifies the eighth consecutive quarter of global commercial insurance pricing increases.
November 12, 2019 Read More

CICA Teams with HCIC on Japan Captive Owners' Summit

Tokyo Japan 480x377 
The Captive Insurance Companies Association (CICA) and the Hawaii Captive Insurance Council (HCIC) will team for a series of educational programs in Tokyo, Japan, November 19–20, including the second annual HCIC Japan Captive Owners' Summit.
November 12, 2019 Read More

David Schoenrock To Head Global Accounts for Willis Re North America

New Job Congrats-SF 
Willis Re recently appointed David Schoenrock to the new role of executive vice president and head of global accounts for Willis Re North America, effective December 23.
November 11, 2019 Read More

IVANS Commercial Lines Premium Renewal Rates Upward Trend Continues

Upward Bar Graph - SF 
IVANS announced its October 2019 results. Year over year, all lines of business, except workers compensation, experienced an increase in average premium renewal rate.
November 08, 2019 Read More

House Financial Services Committee Approves TRIP Legislation

Flag and Ski Mask 
On October 31, 2019, the House Committee on Financial Services unanimously approved bipartisan legislation to reauthorize the Terrorism Risk Insurance Program (TRIP). The program is currently set to expire on December 31, 2020. The unanimous bipartisan vote suggests the legislation will gain broad support when taken up by the full House.
November 08, 2019 Read More

Microinsurance Provides Reverse Innovation for Traditional Markets

Innovation Lightbulb SF 
Access to insurance is a key component of financial stability. Support of financial inclusion has taken a greater hold globally as more major insurers and reinsurers incorporate dedicated microinsurance operations, socially-minded impact investors fund microcredit and microinsurance programs in developing countries, and governments extend insurance access to lower-income citizens.
November 07, 2019 Read More

Labuan IBFC Leads Asia in Captive Insurer Formations

Leading Arrow Blue-SF 
A recent report, titled "Driving Captive Transformation in Asia," reveals that 50 percent of all new captive incorporations in Asia are from Labuan International Business and Financial Center (Labuan IBFC).
November 06, 2019 Read More