Industry News

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Global Insurance M&A at a 4-Year High with More To Come in 2020

The volume of mergers and acquisitions (M&A) in the insurance sector increased 10 percent in 2019 with 419 deals completed worldwide, up from 382 in 2018.
February 21, 2020 Read More
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Bermuda Insurance Sector Remains Resilient to Catastrophe Scenarios

The Bermuda Monetary Authority recently reviewed the Bermuda insurance sector's capacity to absorb shocks from catastrophe risk events.
February 20, 2020 Read More
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Solvency II Review To Dominate Regulatory Agenda for European Insurers

The European Commission's 2020 review of Solvency II is likely to be the dominant regulatory theme in European insurance over the next few years, according to Fitch Ratings.
February 20, 2020 Read More
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US Property and Casualty Insurance 2020 Outlook

In a recent Kroll Bond Rating Agency (KBRA) report, the rating agency said it believes the US property and casualty insurance sector in 2020 is stable, based on a number of expectations.
February 19, 2020 Read More
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SIIA Offers Insights Following IRS Micro-Captive Settlement Results

The Self-Insurance Institute of America, Inc. (SIIA), said in a statement that the vast majority of captive insurance participants are not only doing the right thing but are left untouched by the recent Internal Revenue Service (IRS) global settlement initiative offered last year.
February 18, 2020 Read More
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AI Expected To Transform Financial Services Industry within 2 Years

A new survey released by the World Economic Forum and the Cambridge Centre for Alternative Finance (CCAF) found nearly two-thirds (64 percent) of financial services leaders expect to be mass adopters of artificial intelligence (AI) in just 2 years compared to just 16 percent doing so today.
February 18, 2020 Read More
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Join IRMI as a Captive and Risk Finance Product Manager

Do you have experience working with captive insurance or risk finance programs? Do you have a passion for learning, doing research, teaching others, and writing? Would you like an opportunity to become a recognized expert while engaging this passion? Join IRMI in our role of captive and risk finance product manager.
February 17, 2020 Read More
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KBRA Affirms Ratings for Premia Reinsurance Ltd.

Kroll Bond Rating Agency (KBRA) affirmed the insurance financial strength rating of A- for Premia Reinsurance Ltd., a Class 4 Bermuda specialty reinsurer focused on acquiring nonlife runoff liabilities.
February 14, 2020 Read More
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Aon: Reinsurance Industry Handles 2019 Losses Comfortably

The 409 natural catastrophe events of 2019 resulted in economic losses of $232 billion. Of that total, private sector and government-sponsored insurance programs covered $71 billion.
February 14, 2020 Read More
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Florida Loss Creep Expected To Weigh on June Reinsurance Renewals

Anticipated reinsurance rate increases for Florida-specific property insurance companies in the upcoming June renewal period potentially could pressure the more thinly capitalized companies in the market.
February 13, 2020 Read More
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Get Up to Speed on Trucking Liability Insurance!

In this new IRMI white paper, "Liability Insurance for Nontrucking Use—Bobtail and Deadhead Coverage," you'll explore insurance for nontrucking use (IFNTU) coverage, what it is, solutions for addressing its unique exposures, and the court decisions interpreting the scope of IFNTU.
February 12, 2020 Read More
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Marsh Finds Global Commercial Insurance Pricing Increased 11 Percent

Marsh's fourth quarter 2019 "Global Insurance Market Index" revealed that commercial insurance prices increased 11 percent.
February 12, 2020 Read More
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SRS Forms New Firm To Provide Holistic Approach to Medical Stop Loss

Strategic Risk Solutions (SRS) recently formed MSL Captive Solutions, a specialist underwriting and consulting services firm focused on the use of captives in medical stop-loss programs.
February 11, 2020 Read More
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January 2020 Commercial Lines Premium Renewal Rates Moving Up

Year over year, nearly all lines of business experienced an increase in average premium renewal rate except workers compensation, which saw a negative turn.
February 11, 2020 Read More
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Burning Planet: Climate Fires and Political Flame Wars Rage

Findings of the World Economic Forum's "Global Risks Report 2020" reveal that economic and political polarization will rise this year, as collaboration between world leaders, businesses, and policymakers is needed more than ever to stop severe threats to our climate, environment, public health, and technology systems.
February 10, 2020 Read More
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MSI Hosts "Captive Insurance Updates & Operations"

Join Management Services International (MSI) for a complimentary captive insurance webinar titled "Captive Insurance Updates & Operations" that will take place Thursday, February 27, 2020.
February 06, 2020 Read More
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It's Time To Open the Risk Finance or Captive Playbook!

One way to mitigate rising premium costs in a hardening insurance market, as we are now experiencing, is with risk retention. There are myriad risk finance and captive insurance alternatives available to organizations exploring risk retention options.
February 06, 2020 Read More
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KBRA: Catastrophe Pricing Improvement Was Upside for Reinsurers

Kroll Bond Rating Agency (KBRA) recently provided its views on key insurance and reinsurance industry trends and issues in the US property and casualty and global reinsurance subsectors.
February 05, 2020 Read More
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2019 InsurTech Investment Achieves All-Time High

Total new worldwide funding commitments to the InsurTech sector in 2019 were $6.37 billion, 33.9 percent of the historical total, following a record-breaking $1.99 billion of investment in 75 projects during Q4 2019, according to Willis Towers Watson.
February 04, 2020 Read More
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Strategic Risk Solutions Unveils Captive 360°

Strategic Risk Solutions (SRS) has deployed Captive 360°, a new strategic planning and execution service led by senior SRS staff to meet the strategic planning needs of captive insurance companies.
January 30, 2020 Read More