Almost every captive insurer purchases some type of reinsurance. The issuing reinsurer and the captive insurer enter the relationship with the best of intentions. But if disagreements happen, they will be subject to the reinsurance contract's arbitration clause, and captive insurers should seek to understand arbitration clause pitfalls.
A recent Strategic Risk Solutions webinar explored the topic of alternative risk transfer and captives in the construction industry and examined construction industry trends and competitive landscape and insurance market challenges and solutions for insuring construction risk.
Eversheds Sutherland explains the National Association of Insurance Commissioners (NAIC) proposed Insurance Data Security Model Law that tracks language from New York's regulation. In lieu of the New York regulation's specific and nuanced requirements, the proposed model law requires licensees to determine which controls listed in the law are appropriate for them.
Captive managers are an integral part of any captive insurance program. But what are the key attributes that captive insurers and their owners should look for when evaluating and selecting a captive manager? Here are five for consideration.
Recent years have been difficult for the commercial automobile insurance industry. Both frequency and severity have been escalating, while rate increases have not been sufficient to offset the climbing loss costs. Captive insurance and the alternative market can provide a flexible option for companies and groups as they respond to the industry's increasing market volatility.