Industry News

  Asia Pacific

Asia-Pacific Captive Insurance Domiciles Expected To Grow

A.M. Best expects to see a significant captive formation increase in Asia-Pacific domiciles as economies grow and businesses seek new and more sophisticated ways of risk management and control, according to the rating agency's latest report, titled "Asia-Pacific Captive Domiciles Poised for Growth."
May 21, 2019 Read More
  Global Pricing-SF

Global Commercial Insurance Prices Increase 6th Consecutive Quarter

Marsh recently released its "Global Insurance Market Index," which showed that average commercial insurance prices increased 3 percent in first-quarter 2019, the largest increase since the survey began in 2012.
May 20, 2019 Read More
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Aruba, Barbados, and Bermuda Removed from the EU Blacklist

The Economic and Financial Affairs Council in Brussels has removed Aruba, Barbados, and Bermuda from the European Union's list of noncooperative tax jurisdictions.
May 17, 2019 Read More
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USA Risk Group Senior Management Team Finalizes Buyout

USA Risk Group revealed that its senior management team has completed a management buyout from Spencer Capital Holdings, which will include operations from all captive jurisdictions that USA Risk Group currently operates.
May 17, 2019 Read More
  Bermuda flag-SF

AkinovA Secures Bermuda's First Insurance Regulatory Sandbox License

AkinovA (Bermuda) Ltd. has secured the first Insurance Regulatory Sandbox license from the Bermuda Monetary Authority under the jurisdiction's new legislative framework that came into effect in July 2018.
May 17, 2019 Read More
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US House Acts To Extend the National Flood Insurance Program

The House of Representatives has recently passed two bills to extend the National Flood Insurance Program (NFIP) until Sept. 30, 2019. The most recent action was May 14 when the House passed an NFIP stand-alone extension measure, H.R. 2578.
May 16, 2019 Read More
  Terrorism-SF

US P&C Insurers Should Make Considerations for TRIPRA Expiration

The Terrorism Risk Insurance Program Reauthorization Act (TRIPRA) is set to expire at the end of 2020. According to A.M. Best, doubt exists surrounding whether TRIPRA will be extended and, if so, under what terms and conditions, particularly amid a hyperpartisan atmosphere in Congress.
May 15, 2019 Read More
  Investing Money Stocks

Lloyd's Invests in Atlanta-Based InsurTech Company

Lloyd's is set to invest in Layr, an Atlanta-based InsurTech company, following Layr's participation in a successful Lloyd's Lab trial. The investment will allow Layr to develop its cloud-based solution to provide faster access for small businesses looking to purchase liability insurance. Layr is also exploring potential distribution opportunities with several Lloyd's syndicates.
May 14, 2019 Read More
  Slow Sign-SF

Continued ILS Issuance Slowdown in First-Quarter 2019

Following fourth-quarter 2018 insurance-linked securities (ILS) growth reduction, ILS market growth continued to slow in the first quarter of 2019. First-quarter 2019 raised $1.1 billion through catastrophe bond issues as compared to an average of $1.8 billion over the 6 preceding first quarters.
May 13, 2019 Read More
  Symposium Session

Strategic Risk Solutions Set To Host 6th Annual Client Symposium

Strategic Risk Solutions is set to host its 6th annual client symposium from May 28–30 at the Lowes Chicago Hotel. Find out more and get the full schedule.
May 10, 2019 Read More
  Podcast Headphones-SF

MSI Releases Newest Podcast Episode: "Captive Facts versus Myths for Dummies"

Management Services International (MSI) has just released its latest podcast, titled "Captive Facts versus Myths for Dummies," which is immediately available free of charge at the MSI podcast library.
May 08, 2019 Read More
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Stephen Catlin and Paul Brand Unveil Convex Group

Stephen Catlin and Paul Brand recently unveiled their international specialty insurer and reinsurer, Convex Group Limited.
May 07, 2019 Read More
  Five Hundred-SF

Strategic Risk Solutions Announces 500th Captive Client

Strategic Risk Solutions announced the addition of its 500th captive management client (captives and cells): Old Main Assurance, Ltd., a Class 1 Bermuda-domiciled captive insurance company.
May 06, 2019 Read More
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Newest Release of "Risk Financing" Focuses on Captive Domiciles

Is your organization looking for data on captive insurance rules and regulations for US and non-US captive insurance domiciles? Look no further. Access the sought-after Appendix B in "Risk Financing" to get the latest captive insurance domicile information updates.
May 01, 2019 Read More
  Captive Globe-SF

May "CICR" Looks at Federal Home Loan Bank Captives

Don't miss the May issue of "Captive Insurance Company Reports" ("CICR"), where John Talley, captive program manager with the Missouri Department of Insurance, reports on the history and the current fate of captive insurance companies and the Federal Home Loan Bank System.
May 01, 2019 Read More
  Cyberrisk

In the Future, 34 Percent of Captive Insurers Expect To Cover Cyber Risks

Regardless of where they are licensed, the overwhelming majority of captive insurance companies or protected cell captives are active, according to a survey released April 29 by Aon PLC.
April 30, 2019 Read More
  Business Analysis Concept SF

Captives Are the Most Popular Method of Alternative Risk Financing

The "16th Annual Excellence in Risk Management" report from Marsh and RIMS revealed that risk managers are operating in a data-rich environment that, when combined with growing alternative risk solutions, can result in more robust risk finance strategies and more resilient organizations.
April 30, 2019 Read More
  Blockchain Startup

Marsh To Roll Out Blockchain Platform for Proof of Insurance

Marsh will begin rollout of its Proof of Insurance Blockchain platform to US commercial clients to allow its clients to speed up necessary business functions while increasing coverage certainty.
April 29, 2019 Read More
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Demotech Releases Year-End 2018 Financial Analysis of RRGs

Demotech has released its "Analysis of Risk Retention Groups—Year-End 2018," reporting on the overall financial performance of risk retention groups (RRGs). Demotech's senior financial analyst, Douglas Powell, has concluded that "RRGs have a great deal of financial stability and remain committed to maintaining adequate capital to handle losses."
April 26, 2019 Read More
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DOL's Automatic Enrollment Decision Could Boost LTD Participation

A US Department of Labor (DOL) rule clarification allowing employers the option to provide long-term disability coverage to their employees through automatic enrollment should benefit insurers by increasing participation rates.
April 26, 2019 Read More