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Industry News

  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
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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
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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
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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
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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
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"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
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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
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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
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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
  Global Captive Podcast

International Tax and Governance Leads Global Captive Podcast Episode 22

The Organization for Economic Cooperation and Development's Base Erosion and Profit Shifting project, the ideal nonexecutive director for a captive board, and reinsurance disputes are the latest topics covered on the Global Captive Podcast.
December 20, 2019 Read More
  natural disaster icons-SF

Insured Global Catastrophe Losses Down at $56 Billion in 2019

In its latest sigma findings, Swiss Re said global insured losses are estimated to be around $56 billion, down from $93 billion in 2018 and below the annual average of the previous 10 years.
December 20, 2019 Read More
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US House of Representatives Approves Extending NFIP and TRIA

The House of Representatives Tuesday approved extending the National Flood Insurance Program (NFIP) and the Terrorism Risk Insurance Act (TRIA).
December 18, 2019 Read More
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Fitch: Cyber Risk Analysis Inhibited by Silent Cyber Risk Exposure

Property and casualty insurers are gaining sophistication in measuring risk aggregations and modeling potential losses from catastrophic cyber events, but the efficacy of this analysis is inhibited by exposure to nonaffirmative or "silent" cyber risk, according to Fitch Ratings.
December 17, 2019 Read More
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Managing the Workforce in the 4th Industrial Revolution

A new study identifies key strategies for business leaders and human resource executives to manage people and work in the fourth industrial revolution to ensure the continued relevance of the global workforce through the creation of a continuous learning and reskilling culture.
December 17, 2019 Read More
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NAIC Places Bermuda on Reciprocal Jurisdiction List

The Bermuda Monetary Authority will be placed on the National Association of Insurance Commissioners (NAIC) List of Reciprocal Jurisdictions effective January 1, 2020.
December 16, 2019 Read More
  Business Analysis Concept SF

Demotech Releases Third Quarter 2019 Financial Analysis of RRGs

Demotech has released its "Analysis of Risk Retention Groups—Third Quarter 2019," which reports on the overall financial performance of risk retention groups (RRGs).
December 13, 2019 Read More
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Commercial Lines Premium Renewal Rates Variable October to November

Commercial lines premium renewal rates show variable changes from October to November, according to "IVANS Index."
December 11, 2019 Read More