Industry News

  The word "terrorism" printed on a piece of paper with a variety of question marks surrounding it

NAIC and APCIA Urge Congress To Reauthorize TRIP

On behalf of the National Association of Insurance Commissioners (NAIC), Chlora Lindley-Myers, director of the Missouri Department of Commerce and Insurance, testified on October 16, 2019, before Congress at a hearing titled "Protecting America: The Reauthorization of the Terrorism Risk Insurance Program (TRIP)."
October 17, 2019 Read More
  Foundation Repair-SF

Crumbling Foundations Captive Finalizes Participation for 61 Homeowners

The so-called crumbling foundations captive said it recently finalized program participation agreements for 61 homeowners previously awaiting funds (since June 19) from the captive that would allow them to begin scheduling contractors to work on their homes.
October 16, 2019 Read More
  Mergers and Acquisitions

Bingham Greenebaum Doll and Dentons Combine

Bingham Greenebaum Doll will combine with Dentons, the world's largest law firm.
October 15, 2019 Read More
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D&O Liability Market Pricing Increases as Tort Environment Shifts

Underwriting conditions in the United States for directors and officers (D&O) liability have improved significantly in 2019. Several years of weaker performance driven by flat premium growth and less favorable claims trends in a shifting tort environment have spurred movement by insurers to restore profitability in this challenging line.
October 14, 2019 Read More
  Alaska Air

Hearing Date Set for Alaska Air Surrounding Captive Insurance Policies

A date has been set for the next hearing on the challenge by Alaska Air Group, Inc., of the Washington State Insurance Department's attempt to impose hefty financial fines on the airline for not paying premium taxes on coverage its captive insurer provides to Alaska Air subsidiaries operating in Washington.
October 11, 2019 Read More
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MindForge: The Next Level of Construction Safety and Quality

If you are a contractor with a captive insurance company, a strong safety program is integral to loss control and loss elimination in your insurance program. Find out about MindForge, the next level of construction safety and quality.
October 10, 2019 Read More
  An arrow curving into an upward curve with a percent sign on top

IVANS: Commercial Lines Premium Renewal Rates Continue To Increase

IVANS announced its Q3 2019 results. Year over year, commercial auto, businessowners policy, general liability, umbrella, and commercial property all experienced an increase in average premium renewal rate change while workers compensation remains in negative territory.
October 10, 2019 Read More
  Podcast Definition-SF

Podcast Now Available: IRS Settlement Offer to Micro-Captives

Management Services International (MSI) has just released its latest podcast episode, titled "Captives for Dummies: IRS Settlement Offer to Micro-Captives," which is immediately available free of charge at the MSI podcast library.
October 09, 2019 Read More
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Arsenal Grows Alternative Market Reach with New Vermont Office

Captive insurance manager Arsenal Insurance Management is opening a new office in Vermont, the largest domestic captive domicile.
October 08, 2019 Read More
  Student Essay SF

CICA Announces Topics for Student Essay Contest

The Captive Insurance Companies Association (CICA) announced case study topics for its 2019–2020 "Captive Insurance Solutions for Emerging Industries" essay contest for college insurance and risk management students, sponsored by Strategic Risk Solutions.
October 08, 2019 Read More
  Mergers and Acquisitions

Artex To Acquire Bermuda-Based ILS Firm

Artex Risk Solutions will acquire Horseshoe Insurance Services Holdings Ltd. in a move to strengthen its insurance-linked securities (ILS) operations. Artex expects to complete the transaction before the end of the year.
October 04, 2019 Read More
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Demotech Releases Second Quarter 2019 Financial Analysis of RRGs

Demotech has released its "Analysis of Risk Retention Groups—Second Quarter 2019," which reports on the overall financial performance of risk retention groups (RRGs). The rating company's senior financial analyst, Douglas Powell, has concluded that RRGs "continue to collectively provide specialized coverage to their insureds while remaining financially stable."
October 03, 2019 Read More
  Business Growth SF

New Analysis Shows RRGs Are Writing More Business

While the number of risk retention groups (RRGs), a special type of captive authorized under legislation Congress passed in 1981 and expanded in 1986, has remained relatively stable in recent years, RRGs are writing more business, according to a new analysis.
October 02, 2019 Read More
  Get Well Soon-SF

Message Regarding Captive Industry Leader Tom Jones

Thomas M. Jones, captive industry legal expert and counsel at McDermott Will & Emery LLP, is recovering after suffering a stroke earlier this month while on business in South Carolina.
October 01, 2019 Read More
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E&S Market Premium Growth Expected in the Near Term

Direct written premiums in the US excess and surplus (E&S) lines market for 2018 grew at the greatest rate since 2012, increasing 11 percent, according to Fitch Ratings. The trend continued to strengthen in the first half of 2019 with premium growth of 15 percent.
October 01, 2019 Read More
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Free Captive Insurance Webinar Hosted by MSI

Join Management Services International (MSI) for a complimentary captive insurance webinar that will take place Thursday, October 17, 2019. Back by popular demand, the 120-minute course begins at 2:00 p.m. (EST) and will be hosted by Jeremy Colombik and Richard Colombik.
September 26, 2019 Read More
  Blockchain Startup

Marsh To Pilot Blockchain-Powered Insurance Placement Process

Marsh will pilot Risk Exchange, a new digital placement platform powered by blockchain technology. Risk Exchange aims to move the insurance placement process toward an interactive, digital experience where clients, insurers, and brokers can provide real-time information and feedback on the placement and binding process.
September 26, 2019 Read More
  Captive Globe-SF

October "CICR" Provides Shivkov v. Artex Update

Don't miss the October issue of "Captive Insurance Company Reports" ("CICR") to find out the latest development in the ongoing "Shivkov v. Artex" case.
September 25, 2019 Read More
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Global Captive Management Acquired by Holmes Murphy

Through its recent acquisition of Global Captive Management, Holmes Murphy has moved into the international space. The companies have a history that dates back 2 decades, according to a release from Holmes Murphy.
September 24, 2019 Read More
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Washington State To Introduce Captive Legislation in 2020

The Washington Office of the Insurance Commissioner will introduce legislation in the 2020 session that will create a statutory framework for captive insurance companies.
September 24, 2019 Read More