Industry News

  Captive Globe-SF

February "CICR" Reviews Risk Retention Groups

Don't miss the February issue of "Captive Insurance Company Reports" ("CICR"), where Sandy Bigglestone, director of captive insurance at the Vermont Department of Financial Regulation, presents a comprehensive review of risk retention groups.
January 28, 2020 Read More
  Natural Disasters 480x377

2019 Natural Catastrophe Loss Data Reveals Relief for Reinsurers

Willis Towers Watson reported that insured losses from major natural catastrophes in 2019 totaled roughly $53 billion, about 18 percent lower than the annual average since 2011.
January 24, 2020 Read More
  World Captive Forum Time and Place

Join and Our Sponsors at the World Captive Forum 2020

Business Insurance will host the 29th World Captive Forum in Miami on January 27–29.
January 23, 2020 Read More
  Congress US Capitol

Congressional Hearing Set To Consider RRG Coverage Expansion

A House of Representatives subcommittee will hold the first congressional hearing on legislation that would expand the coverages risk retention groups (RRGs) can offer to their policyholder-owners.
January 22, 2020 Read More
  Computer with Gears - SF

Cyber Catastrophe Cover Solution Backed by Capital Markets

Beazley and RenaissanceRe recently launched a reinsurance solution for catastrophic cyber events backed by capital markets.
January 21, 2020 Read More
  Image of Lightning and Sky

NOAA Assesses US Climate Disaster Events in 2019

According to the National Oceanic and Atmospheric Administration (NOAA), in 2019, there were 14 weather and climate disaster events with losses exceeding $1 billion each across the United States.
January 20, 2020 Read More
  Gemini Constellation

Captive Insurance Company Launched To Insure Crypto Custodian, Gemini

Gemini, a cryptocurrency exchange and custodian, launched a captive insurance company licensed in Bermuda to insure Gemini Custody™.
January 17, 2020 Read More
  Businessman Ride Declining Arrow

Drop in North American Deals Could Drag Down Global M&A Activity

The global mergers and acquisitions (M&A) market is forecast to struggle to add value in 2020, according to Willis Towers Watson.
January 17, 2020 Read More
  Upward Swing

Year-End 2019 Commercial Lines Premium Renewal Rates Tick Up

Year-over-year, all lines of business except workers compensation experienced an increase in average premium renewal rate.
January 16, 2020 Read More
  CICA Logo with Smiling Youth Giving Thumbs-Ups

CICA Essay Contest Finalists Announced

The Captive Insurance Companies Association (CICA) recently announced the three finalist teams in its student essay contest.
January 16, 2020 Read More
  Business Growth SF

InsurTech eMaxx Energy Group Captive Programs Show Significant Growth

eMaxx recently reported that its Vermont-domiciled energy group captive programs have seen significant growth.
January 15, 2020 Read More
  Image of Top 10 Written on Chalkboard

Butler University Risk Management and Insurance Programs Recognized

Butler University's programs for risk management and insurance professionals have been recognized by "Business Insurance" magazine.
January 15, 2020 Read More
  Image of Milestone on the Highway

AssureCap Advantage Reaches Senior Care Quality Improvement Milestones

The AssureCap Advantage program enters its third year of underwriting while achieving major improvements in the claim and exposure profiles of its participating senior care facilities.
January 13, 2020 Read More

Group Captive Greenguard Set Up for Multifamily Property Owners

Green Mountain Sponsored Captive Insurance Company, Inc., has launched Greenguard, a group captive profit center program for owners and providers of multifamily properties.
January 08, 2020 Read More
  Flooded Houses 480x377

FEMA Places Reinsurance for Flood Risk 4th Consecutive Year

For the fourth consecutive year, the Federal Emergency Management Agency (FEMA) has completed placement of reinsurance coverage.
January 07, 2020 Read More
  Image of Red and Green Apple

"Asymmetrical" Reinsurance Market in a State of Transition

Reinsurance renewals at January 1, 2020, were shaped by deteriorating loss experience, a lack of new capital inflows, and increasingly challenged environments in the primary insurance and retrocession markets.
January 06, 2020 Read More
  Coffee with Airplane Design in Foam

Starbucks and Alaska Air Captives Ordered To Stop Writing Business

Washington State Insurance Commissioner Mike Kreidler has ordered two captive insurance companies to stop writing business in the state.
January 03, 2020 Read More
  Global Risks 480x377

Significant Differences Seen in January Reinsurance Renewals

For the January 1, 2020, reinsurance renewal period, Willis Re found significant pricing and capacity variance across reinsurers.
January 03, 2020 Read More
  Captive Globe-SF

January "CICR" Focuses on Facilitating Innovation in Captives

Don't miss the January issue of "Captive Insurance Company Reports" ("CICR"), which looks at the facilitation of innovative risk and operational structures in captive insurance entities.
January 02, 2020 Read More
  Businessman Graph 480x377

Cyber Premiums in Bermuda Captive Insurers Grew 53 Percent

The Bermuda Monetary Authority's recent annual report on cyber underwriting revealed that organizations using Bermuda captive insurance structures to cover cyber-risk exposures increased year-over-year.
January 02, 2020 Read More