Industry News

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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
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Sigma: How Digitalization Will Transform Insurance Relationships

In its latest "sigma," Swiss Re said digital transformation empowers consumers to be more informed and independent than ever before and equips insurers with the tools to cater to customers' current and future needs.
January 30, 2020 Read More
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Randall & Quilter Acquires Montana Captive Insurer

Runoff specialist Randall & Quilter recently acquired the Montana captive insurer Vigneron Insurance Company, Inc.
January 29, 2020 Read More
  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
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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
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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
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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
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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
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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