Captive Insurance Industry and Alternative Risk Transfer Market News

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Global Outlook-SF

Global Reinsurance Outlook 2020

A Standard & Poor's global reinsurance outlook for 2020 has implications for captives. We explore some of the threats to reinsurers and how captives may also face similar issues.
September 18, 2019 Read More

Pinnacle's Aaron Hillebrandt Says Actuaries Help Improve Businesses

As part of our ongoing commitment to provide thoughtful commentary concerning issues impacting captives and the broader insurance markets, we spoke with Aaron Hillebrandt, a director and consulting actuary with Pinnacle Actuarial Resources, Inc. Our interview covers the changing role of actuaries and how the Casualty Actuarial Society is providing training and education for this evolution.
September 16, 2019 Read More
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North Carolina's Kait Chase Is Fascinated with RRGs and Captives

Kait Chase, risk retention group analysis manager for the North Carolina Department of Insurance, Captive Insurance Companies Division, joined the North Carolina Department of Insurance in 2016. She is responsible for the licensing and regulation of North Carolina risk retention groups (RRGs).
September 11, 2019 Read More
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Environmental Risks: The Perils of an "Unlikely" Loss Event

Industries such as self-storage facilities, dry cleaner chains, and real estate face environmental risks that are not obvious and are often overlooked. Middle market businesses subject to uncommon environmental risks that may lead to significant losses could benefit greatly from the cost-effective risk coverages afforded through a captive insurance company.
September 09, 2019 Read More

General Liability Trends—Captive Insurers Beware

In this synopsis of a recent Milliman white paper exploring the deterioration in general liability claims costs and the potential impact on captive insurers, we also offer some basic suggestions to captives on how to address this problem.
September 04, 2019 Read More

Why Captives Need To Focus on Culture When Considering Governance

In this thought piece on captives' corporate culture and its impact on good governance, we explore why it is important, whether it is possible to measure, and how a risk management framework can be employed to help quantify corporate culture.
August 28, 2019 Read More
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Remove Impacts of Emotion and Reaction When Investing for Captives

As part of our ongoing commitment to provide thoughtful commentary concerning issues impacting captives and the broader insurance markets, we spoke with Stephen Nedwicki, institutional investment strategist with Comerica Bank. Our discussion focused on captive investment strategies and the outlook for investment portfolios.
August 26, 2019 Read More
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Business Interruption and the Interconnectivity of the Supply Chain

Over the past several years, a number of independent reports have been published detailing the biggest, most egregious risks facing businesses. Whether we're talking about a "top 10" list or a "top 5," the real constant across the board was business interruption and its devastating impact. Find out how captive insurance can help.
August 21, 2019 Read More
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Leane Rafalko Offers an Insider's Perspective on North Carolina Captives

Leane A. Rafalko, chief captive analyst for the North Carolina Department of Insurance, Captive Insurance Companies Division, discusses a wide range of issues, including the growth of North Carolina as a captive domicile, changes state lawmakers have made to North Carolina's captive statute, and the future of captive growth.
August 19, 2019 Read More

Recent News

Commercial Auto Insurance Underwriting Losses To Continue

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US property and casualty insurers continue to face substantial underwriting losses on commercial automobile insurance, according to Fitch Ratings. The segment is poised for a ninth consecutive year of underwriting losses in 2019, with only moderate results improvement anticipated.
September 20, 2019 Read More

IVANS: Market Continuing To Harden

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IVANS announced its August 2019 results showing an uptick in premium renewal rate change across nearly all of the commercial lines products except business owners policy, which experienced a slight negative change.
September 20, 2019 Read More

NRRA Karen Cutts Award Will Go to Robert "Skip" Myers

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Robert "Skip" Myers, a managing partner at the law firm Morris, Manning & Martin LLP in Washington and a long-time general counsel for the National Risk Retention Association (NRRA), will be honored next month in Chicago at NRRA's annual conference with the NRRA's 2019 Karen Cutts Achievement award.
September 19, 2019 Read More

Business Leaders Are Not Focused on Cyber-Risk Issues

A new Marsh report found that a majority of board members and senior executives responsible for their organizations' cyber-risk management had less than a day in the last year to spend focused on cyber-risk issues.
September 19, 2019 Read More

IRMI Launches "Agribusiness Risk and Insurance" ("ARI")

Agriculture Overview 
International Risk Management Institute, Inc. (IRMI), recently launched "Agribusiness Risk and Insurance" ("ARI"), a comprehensive online reference for risk management and insurance professionals that provides unbiased analysis of agribusiness exposures and best practices for agribusiness risk management and insurance programs.
September 18, 2019 Read More

IRS Will Mail Settlement Offers to Micro-captive Owners

The Internal Revenue Service (IRS) said Monday that it is mailing settlement offers to about 200 owners of so-called 831(b) micro-captives who participated in what the IRS calls "abusive" insurance transactions.
September 17, 2019 Read More

VCIA Adds 2 New Members to Its Board of Directors

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Tracy Hassett, president and CEO of edHealth, and Jason Palmer, director of global captive practice with Willis Towers Watson, will join the Vermont Captive Insurance Association (VCIA) board of directors next month.
September 17, 2019 Read More

Crumbling Foundations Captive Prepares for Upcoming Bond Allotment

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The Connecticut Bond Commission is set to approve this September's $20 million bond allotment for the Connecticut Foundation Solutions Indemnity Company, Inc., crumbling foundations captive. The $20 million allotment will allow the captive to resume its previously suspended operations, albeit on a limited basis.
September 17, 2019 Read More

Key Executives Depart from Artex

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Captive manager Artex Risk Solutions has disclosed that several key executives have left the company. Executives Karl Huish, Jeremy Huish, and Berri Walker left Artex at the end of August.
September 16, 2019 Read More

NAIC and APCIA React to IAIS' International Standard-Setting

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The National Association of Insurance Commissioners (NAIC) and the American Property Casualty Insurance Association (APCIA) take issue with the International Association of Insurance Supervisors' (IAIS) draft of an insurance capital standard (ICS).
September 13, 2019 Read More

NCCIA Announces Changes for 2020 Annual Conference

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The North Carolina Captive Insurance Association (NCCIA) recently announced two changes for its 2020 annual conference.
September 13, 2019 Read More

Alaska Air Opposes Washington State Fines for Its Captive Coverages

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Alaska Air Group Inc. is opposing Washington State Insurance Department's move to impose significant financial fines for not paying premium taxes on coverage its captive insurer provides to Alaska Air subsidiaries operating in Washington.
September 12, 2019 Read More

Change Is Quickening for the Re/Insurance Industry

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The abundance of capital in the reinsurance market has impacted the entire reinsurance value chain, has increased cost sensitivity, and is requiring reinsurers to find new ways of creating value for primary insurers, according to Swiss Re.
September 12, 2019 Read More