Industry News

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Demotech Releases Third Quarter 2018 Financial Analysis of RRGs

Demotech has released its "Analysis of Risk Retention Groups—Third Quarter 2018," reporting on the overall financial performance of risk retention groups (RRGs). Douglas Powell, Demotech's senior financial analyst, has concluded that "RRGs have a great deal of financial stability and remain committed to maintaining adequate capital to handle losses."
December 13, 2018 Read More
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KBRA Assigns A Rating to Hamilton Re

Kroll Bond Rating Agency (KBRA) assigned an insurance financial strength rating of A to Hamilton Re, Ltd. (Hamilton Re), a Bermuda, Class 4 property-casualty reinsurer. KBRA also assigned an issuer rating of BBB+ to Hamilton Insurance Group, Ltd., the Bermuda-based holding company for Hamilton Re.
December 13, 2018 Read More
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R&Q Runoff Deal Set To Close on Reinsurance Corporation of America

Randall & Quilter Investment Holdings Limited (R&Q) is set to acquire GLOBAL US Holdings Incorporated, the parent company of Reinsurance Corporation of America, a New York-domiciled reinsurance company in runoff.
December 12, 2018 Read More
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Gallagher Acquires Chicago-Based Captive Insurance Consultant

Arthur J. Gallagher & Co. has acquired Chicago-based Captive Insurance Company Design and Operations, a captive consultant focused exclusively on medical and professional liability.
December 11, 2018 Read More
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NAIC Property-Casualty Profitability Report by Line by State Released

The National Association of Insurance Commissioners (NAIC) released its "Report on Profitability by Line by State in 2017." The report estimates and allocates profitability in property-casualty insurance on a countrywide basis by state and by insurance line and can be utilized in further analysis of competition and market performance.
December 10, 2018 Read More
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Fitch Ratings: US P&C Insurers' Profitability Rebounds in 2018

After a difficult 2017, a notable rebound by US property and casualty (P&C) insurers this past year has led Fitch Ratings to revise its fundamental sector outlook to stable from negative, according to Fitch's 2019 outlook report.
December 07, 2018 Read More
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Alternative Capital Made Up 22 Percent of Property Cat Limits in 2017

According to a recent report from Swiss Re, alternative capital made up 22 percent of all property catastrophe limits in 2017, and the amount of alternative capital was around $95 billion in the first half of 2018.
December 07, 2018 Read More
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Third-Quarter Global Commercial Insurance Pricing Increased but Limited

Marsh's "Global Insurance Market Index" for the third quarter of 2018 found that average commercial insurance pricing has increased for the fourth consecutive quarter driven by increases in property and financial and professional lines.
December 06, 2018 Read More
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Bermuda Accounted for $3.6 Billion of ILS Issued during Second Quarter

According to the latest "Bermuda Insurance-Linked Securities (ILS) Market Report," for the second quarter of 2018, the island remained the leading jurisdiction for ILS issuance, representing 73.2 percent of the global outstanding ILS capacity at the end of the quarter ($26 billion of $35.5 billion total global capacity).
December 06, 2018 Read More
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Risk Manager's Role Evolving To Support Profound Organizational Change

The roles of risk managers across Europe were explored in the 9th "European Risk Manager Survey." The survey, conducted by FERMA, PwC France, and Francophone Africa, explored the work of risk managers in supporting the success and sustainability of their organizations.
December 05, 2018 Read More
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BMA Report: Bermuda's Catastrophe Resilience Stronger Year over Year

The Bermuda Monetary Authority (BMA) has released its third annual "Catastrophe Risk in Bermuda" report, which, according to the BMA, demonstrates (re)insurers continued resilience to major, but improbable, catastrophe events and the sophistication and advancement of catastrophe modeling practices in Bermuda.
December 04, 2018 Read More
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Pentacle Brings an "Out-of-the-Box" Solution to Insurance Data Capture

Pentacle Data Solutions (Pentacle) has launched an "out-of-the-box" product that it said will benefit the captive insurance industry. Pentacle offers a comprehensive and practical solution for data capture, offering an insurance platform that grows with the user.
December 04, 2018 Read More
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Premier: "Innovation Is Inside the Collective DNA of All Bermudians"

The recent Bermuda Business Development Agency FinTech forum at ME London explored commercialization of FinTech, banking of digital assets, and Bermuda's new regulatory framework governing initial coin offerings, virtual asset business, and InsurTech. There was also a forum focused on insurance-linked securities, whose global market capacity Bermuda dominates.
November 30, 2018 Read More
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Swiss Re Sigma: Emerging Asia Will Continue To Power Insurance Market

Swiss Re believes global economic growth will remain strong over the next 2 years, although it said momentum has peaked.
November 30, 2018 Read More
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RAA Reports Continued Improvement in US Reinsurers' Operating Results

The latest Reinsurance Association of America (RAA) survey reveals that a group of 18 US property-casualty reinsurers wrote $45.5 billion of net premiums during the 9 months ended September 30, 2018, compared to $34.2 billion for the same period in 2017.
November 29, 2018 Read More
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December "CICR" Brings a View on Scandinavian Captives

Don't miss the December issue of "Captive Insurance Company Reports" ("CICR"), which brings you a view from Scandinavia. Get the history as well as the current and future state of the Scandinavian captive market provided by Fredrik Finnman, head of group risk management at Sandvik.
November 29, 2018 Read More
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New Risk Distribution Measure Offered by Pinnacle

With the issue of risk distribution squarely in the spotlight, Pinnacle provides an actuarial response in the form of a new tool. Find out more in Pinnacle's latest peer-reviewed paper, titled "Expected Adverse Deviation (EAD) as a Measure of Risk Distribution." Read about it on Captive.com today!
November 28, 2018 Read More
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SOBC Services Is Now SOBC DARAG

Through its wholly owned subsidiary SOBC DARAG Holdings Ltd., DARAG Guernsey has acquired the entire share capital of SOBC Services. SOBC DARAG focuses on acquisitions, loss portfolio transfers, and other business transfers for insurance companies, captive insurance companies, and risk retention groups within the US, Bermuda, and Caribbean runoff markets.
November 27, 2018 Read More
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First Captive Management License in Abu Dhabi Accorded to Marsh

Marsh has announced that it has obtained the first license to provide captive insurance management services in Abu Dhabi. The firm will operate as Marsh Management Services (MENA) Limited and is the first company to be authorized as a captive insurance manager by the Abu Dhabi regulatory authority.
November 27, 2018 Read More
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An Update on Butler University's Student-Led Captive and MSRI Program

Catch up on latest phase of Butler University's student-led captive insurance company, get background on the university's new online master of science in risk and insurance (MSRI) program, and hear what professor Zach Finn says about the role of captive insurance as a "mainstream" risk management tool and changing attitudes in the insurance industry.
November 27, 2018 Read More