Industry News

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Bermuda Re/Insurers Remain Resilient in Challenging Market Conditions

Bermuda-based re/insurers continue to be tested by challenging market conditions, including heightened catastrophic losses and diminishing competitive advantage resulting from US tax reform, according to Fitch Ratings.
January 25, 2019 Read More
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Global Insured Catastrophe Losses for 2018 Reach $225 Billion

Findings from Aon's "Weather, Climate & Catastrophe Insight: 2018 Annual Report" show that 394 natural catastrophe events in 2018 generated economic losses of $225 billion.
January 24, 2019 Read More
  Industry Growth

Captive Alternatives "Bullish" on Continued Captive Growth

Despite another renewal season somewhat dampened by adverse tax court cases and ever more onerous regulations, 2018 was an excellent growth year for Captive Alternatives. Read how this captive manager remained successful through a challenging year for captives.
January 22, 2019 Read More
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KBRA Hamilton Re Rating Report Now Available

The Kroll Bond Rating Agency (KBRA) rating report for Hamilton Insurance Group, Ltd., and Hamilton Re, Ltd., is now available. On December 7, 2018, KBRA assigned an insurance financial strength rating of A to Hamilton Re.
January 22, 2019 Read More
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Comerica Bank: Captives and Collateral Grew in 2018

Martin Ellis, senior vice president, Global and Captive Insurance Group at Comerica Bank, talks about captive growth and related collateral activity in 2018.
January 21, 2019 Read More
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Three Views from North Carolina on Captive Insurance in 2018

Coming to us from North Carolina are three different perspectives on captive insurance in 2018 from the North Carolina Department of Insurance—Captive Insurance Companies Division; Martin Eveleigh, chairman of Atlas Insurance Management; and Jeremy Colombik, president of Management Services International.
January 21, 2019 Read More
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Guy Carpenter Adds Leadership Connected with JLT Acquisition

Guy Carpenter & Company, LLC, will expand leadership and form a new global capital solutions group in conjunction with the Jardine Lloyd Thompson Group plc (JLT) acquisition. The appointments are subject to the closing of the transaction between Guy Carpenter's parent company, Marsh & McLennan Companies, and JLT.
January 18, 2019 Read More
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Energi Advances with a Second Group Captive

A second Vermont-domiciled group captive insurance solution is available from eCaptiv LLC. Funded through client participation, the group captives provide auto liability, general liability, excess liability, and workers compensation coverages.
January 17, 2019 Read More
  2018 Behind 2019 Ahead-SF

2018: A Look Back at Captives and a Vision of Success

Michael Maglaras of Michael Maglaras & Company looks back at 2018 and discusses the reason why he thinks captives are still being formed and maintained in an environment very deeply affected by a continuing soft commercial market condition.
January 17, 2019 Read More
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IRMI Opens Its Agribusiness Conferences (AgriCon) Registration

International Risk Management Institute, Inc. (IRMI®), has opened registration for the 2019 IRMI Emmett J Vaughan Agribusiness Conferences (AgriCon). Find out more and register today!
January 16, 2019 Read More
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The Captive Industry Is Amazingly Resilient

Brady Young of Strategic Risk Solutions pauses and reflects on what happened in the captive industry in 2018 and what the operating environment might be in the coming year. Read why Mr. Young thinks the captive industry is amazingly resilient.
January 11, 2019 Read More
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R&Q's Latest Runoff Transactions Focus on Workers Compensation

Recently finalized runoff transactions involve workers compensation liabilities for a Vermont-based self-insurer and a Cayman-domiciled group captive insurer.
January 11, 2019 Read More
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January Release of "Risk Financing" Focuses on Loss Development

The latest release of "Risk Financing" features updates to the loss development factors payout profiles for general liability and automobile liability as well as the latest Willis Towers Watson Claims Cost Indexes. Access the sought-after Appendix F of "Risk Financing" to offset uncertainty in your self-insured program today!
January 11, 2019 Read More
  2018-2019 feature

Captive Insurers Finding New Footholds

When we remember 2018, its events and circumstances have been more varied and challenging than one might imagine, according to Joe Herbers and Rob Walling of Pinnacle Actuarial. Read the latest from Pinnacle on the year in review, take a look ahead, and find out where captive insurers are finding new footholds.
January 10, 2019 Read More
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Erroneous Application of Facts: Capstone Releases Reserve Commentary

Capstone Associated Services Ltd. recently released its fourth commentary, "The Tax Court's Erroneous Application of Avrahami to Reserve," surrounding the June 18, 2018, small insurance company Tax Court case, Reserve Mech. Corp. v. Commissioner.
January 09, 2019 Read More
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A.M. Best: ILS and Captive Insurance Growing in Asian Market

A.M. Best recently reported that Asia is poised to become a significant growth opportunity for the insurance-linked securities (ILS) market and also confirmed that captive insurance and foreign ownership of insurance companies in China are both emerging growth areas for Asia.
January 08, 2019 Read More
  Affordable Care Act Sign-SF

Fitch: ACA Ruling Effect on Insurance Uncertain

According to Fitch Ratings, the ultimate effect on the health insurance industry of December's federal court ruling that deemed the Affordable Care Act (ACA) unconstitutional is unclear, and what is expected to be a lengthy appeals process will follow.
January 07, 2019 Read More
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Lloyd's "Transforms" through Electronic Placement Target Mandates

Lloyd's will require each syndicate to write no less than 40 percent of its risks using a "recognized electronic placement system" for the first quarter of 2019, increasing to 50 percent for the second quarter of 2019.
January 04, 2019 Read More
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January "CICR" Brings Expert Commentary on Midterm Elections

Don't miss the January issue of "Captive Insurance Company Reports" ("CICR"), which brings you commentary on captives in view of the midterm elections and the coming year. Captive insurance leaders and thinkers provide their viewpoints on how recent changes in the makeup of the US government might impact captive insurance.
January 03, 2019 Read More
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January Reinsurance Renewal Pricing Remains Stable

Both JLT Re and Willis Re recently released analyses outlining reinsurance pricing at the January 1, 2019, renewal. The organizations found that, on the whole, renewal pricing remained stable despite building pressures on the reinsurance market.
January 03, 2019 Read More