Industry News

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Guy Carpenter Adds Leadership Connected with JLT Acquisition

Guy Carpenter & Company, LLC, will expand leadership and form a new global capital solutions group in conjunction with the Jardine Lloyd Thompson Group plc (JLT) acquisition. The appointments are subject to the closing of the transaction between Guy Carpenter's parent company, Marsh & McLennan Companies, and JLT.
January 18, 2019 Read More
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Energi Advances with a Second Group Captive

A second Vermont-domiciled group captive insurance solution is available from eCaptiv LLC. Funded through client participation, the group captives provide auto liability, general liability, excess liability, and workers compensation coverages.
January 17, 2019 Read More
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2018: A Look Back at Captives and a Vision of Success

Michael Maglaras of Michael Maglaras & Company looks back at 2018 and discusses the reason why he thinks captives are still being formed and maintained in an environment very deeply affected by a continuing soft commercial market condition.
January 17, 2019 Read More
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IRMI Opens Its Agribusiness Conferences (AgriCon) Registration

International Risk Management Institute, Inc. (IRMI®), has opened registration for the 2019 IRMI Emmett J Vaughan Agribusiness Conferences (AgriCon). Find out more and register today!
January 16, 2019 Read More
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The Captive Industry Is Amazingly Resilient

Brady Young of Strategic Risk Solutions pauses and reflects on what happened in the captive industry in 2018 and what the operating environment might be in the coming year. Read why Mr. Young thinks the captive industry is amazingly resilient.
January 11, 2019 Read More
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R&Q's Latest Runoff Transactions Focus on Workers Compensation

Recently finalized runoff transactions involve workers compensation liabilities for a Vermont-based self-insurer and a Cayman-domiciled group captive insurer.
January 11, 2019 Read More
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January Release of "Risk Financing" Focuses on Loss Development

The latest release of "Risk Financing" features updates to the loss development factors payout profiles for general liability and automobile liability as well as the latest Willis Towers Watson Claims Cost Indexes. Access the sought-after Appendix F of "Risk Financing" to offset uncertainty in your self-insured program today!
January 11, 2019 Read More
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Captive Insurers Finding New Footholds

When we remember 2018, its events and circumstances have been more varied and challenging than one might imagine, according to Joe Herbers and Rob Walling of Pinnacle Actuarial. Read the latest from Pinnacle on the year in review, take a look ahead, and find out where captive insurers are finding new footholds.
January 10, 2019 Read More
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Erroneous Application of Facts: Capstone Releases Reserve Commentary

Capstone Associated Services Ltd. recently released its fourth commentary, "The Tax Court's Erroneous Application of Avrahami to Reserve," surrounding the June 18, 2018, small insurance company Tax Court case, Reserve Mech. Corp. v. Commissioner.
January 09, 2019 Read More
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A.M. Best: ILS and Captive Insurance Growing in Asian Market

A.M. Best recently reported that Asia is poised to become a significant growth opportunity for the insurance-linked securities (ILS) market and also confirmed that captive insurance and foreign ownership of insurance companies in China are both emerging growth areas for Asia.
January 08, 2019 Read More
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Fitch: ACA Ruling Effect on Insurance Uncertain

According to Fitch Ratings, the ultimate effect on the health insurance industry of December's federal court ruling that deemed the Affordable Care Act (ACA) unconstitutional is unclear, and what is expected to be a lengthy appeals process will follow.
January 07, 2019 Read More
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Lloyd's "Transforms" through Electronic Placement Target Mandates

Lloyd's will require each syndicate to write no less than 40 percent of its risks using a "recognized electronic placement system" for the first quarter of 2019, increasing to 50 percent for the second quarter of 2019.
January 04, 2019 Read More
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January "CICR" Brings Expert Commentary on Midterm Elections

Don't miss the January issue of "Captive Insurance Company Reports" ("CICR"), which brings you commentary on captives in view of the midterm elections and the coming year. Captive insurance leaders and thinkers provide their viewpoints on how recent changes in the makeup of the US government might impact captive insurance.
January 03, 2019 Read More
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January Reinsurance Renewal Pricing Remains Stable

Both JLT Re and Willis Re recently released analyses outlining reinsurance pricing at the January 1, 2019, renewal. The organizations found that, on the whole, renewal pricing remained stable despite building pressures on the reinsurance market.
January 03, 2019 Read More
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Rising Medical Costs Threaten Workers Compensation Profitability

The US workers compensation segment continued its positive performance in 2017, boosted by another year of growing payrolls that helped offset rate decreases and overall soft market conditions. While lost-time claims frequency continues to decline, claims severity continues to rise due to a host of factors.
January 02, 2019 Read More
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Compre Set To Complete Generali Legacy Transaction

Independent re/insurance legacy specialist Compre is approved to acquire two portfolios from Assicurazioni Generali S.p.A. (Generali) in an undertaking intended to provide legal finality for the legacy liabilities held by Generali's UK branch.
January 02, 2019 Read More
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BMA Releases Two Reports on Alternative Capital and Captives

The Bermuda Monetary Authority (BMA) has released two new reports. These include the BMA's first annual "BMA Alternative Capital Report 2018" and its second annual "BMA Captive Report 2018."
December 21, 2018 Read More
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Policy Selection: Capstone Releases Third "Reserve Mechanical" Commentary

Capstone Associated Services Ltd. has released its third commentary, "How the Tax Court Rewrote the Standards for Insurance Policy Selection," where it examines the issues involving insurance policy selection and related issues raised in the June 18, 2018, small insurance company Tax Court case "Reserve Mech. Corp. v. Commissioner."
December 21, 2018 Read More
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Marriott Breach Losses Estimated Up to $600 Million According to AIR

AIR Worldwide (AIR) has projected the direct cyber-incident losses for the recent Marriott breach will be between $200 million and $600 million.
December 20, 2018 Read More
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EPIC Set To Acquire Integro USA

EPIC Holdings, Inc., announced that it will acquire Integro Holdings, Inc., which houses substantially all of the US operations of Integro Group Holdings, LP. Financial terms of the proposed transaction have not been disclosed.
December 19, 2018 Read More