Industry News

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Federal Relief Sought for Crumbling Foundations

Two bills recently introduced in the US Senate seek funding from the Federal Emergency Management Agency and US Department of Housing and Urban Development to provide relief for homeowners and businesses in Connecticut and other states with crumbling foundations.
February 11, 2019 Read More
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IVANS: Commercial Lines Renewal Rates Experience Negative Changes

IVANS has announced the "IVANS Index: Premium Renewal Rate Index" January results. Month over month, January experienced a negative change in average premium renewal rate change across the majority of commercial lines.
February 07, 2019 Read More
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February "CICR" Looks at the Recent Class Action Suit Against Artex

Don't miss the February issue of "Captive Insurance Company Reports" ("CICR"), which looks at the recent class action complaint brought against Artex Risk Solutions.
February 06, 2019 Read More
  Flood Houses

FEMA Places Reinsurance for Flood Risk Third Consecutive Year

For the third consecutive year, the Federal Emergency Management Agency (FEMA) has completed placement of reinsurance coverage to help manage the National Flood Insurance Program flood risk. Participating in the $1.32 billion placement were 28 private reinsurers.
February 04, 2019 Read More
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IVANS: Commercial Lines Renewal Rates Increased Last Quarter

The "IVANS Index: Premium Renewal Rate Index" year-end 2018 results for the fourth quarter showed an increase in the premium renewal rate change average across nearly all major commercial lines compared to the third quarter; however, the workers compensation average premium renewal rate change dropped and remained in negative territory.
February 01, 2019 Read More
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Now Underway, the World Captive Forum Addresses New and Emerging Risks

Now underway and celebrating its 28th year, this year's World Captive Forum addresses new and emerging risks facing companies and organizations worldwide, demonstrating how captives can offer solutions that may not be available in the traditional insurance marketplace.
January 30, 2019 Read More
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Cyber Risks a Top-Level Concern for European Risk Managers

Findings from the World Economic Forum's (WEF) "Global Risks Report 2019" were published this month. While rising cyber dependency trended high in terms of near-term risks, environmental risks dominated respondents' long-term concerns, according to the WEF.
January 29, 2019 Read More
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CICA Essay Contest Promotes Captive Insurance Opportunities

As the insurance industry looks for new talent, the Captive Insurance Companies Association (CICA) is making its own effort to promote the next generation of insurance industry talent with a captive insurance essay contest. Read what some of the essay contest finalists have to say about why they participated.
January 28, 2019 Read More
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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

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
  Dash Cam-SF

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

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