Market News
CARES Captive Formation Highlights Iowa's Growing Captive Insurance Program
Jeff Wilson, captive insurance director at the Iowa Insurance Division, discusses the CARES Captive Insurance Company formation and Iowa’s evolving captive program. He outlines the state's regulatory approach, recent legislative changes, interest in various captive structures, and plans to build the domicile through deliberate, sustainable growth over the coming years. Learn More
The Expanding Role of Captives in Today's Changing Risk Market
Captive insurance provides a strategic alternative for businesses seeking cost-effective risk management. By covering hard-to-insure and emerging risks, captives offer flexibility, financial control, and access to reinsurance, making them a valuable tool for organizations looking to mitigate risk and manage insurance costs efficiently. Learn More
IRS Developments and Insurance Fundamentals for Captive Insurance Companies
This episode examines how insurance fundamentals support successful captive insurance companies amid increased Internal Revenue Service (IRS) scrutiny. Topics include actuarial pricing, reserving, risk transfer, governance, recent court decisions, emerging risks, and practical considerations for operating a captive as a well-managed, long-term insurance company. Read More
Building Your Risk Financing Strategy with Captive Insurance
Organizations considering captive insurance should begin with a broader assessment of their risk financing strategy. Evaluating loss history, risk-bearing capacity, insurance programs, business objectives, and future plans can help determine a captive's appropriate role, identify new coverage opportunities, guide surplus management, and keep the captive aligned with evolving needs. Read More
Record Capital Tests Global Reinsurance Market Discipline
AM Best reports that record capital and increasing competition are testing underwriting discipline across the global reinsurance market. Property catastrophe rates are declining, while casualty pricing and long-tail liabilities remain significant concerns. Despite these pressures, strong capitalization and favorable earnings support AM Best's stable outlook for the non-life reinsurance segment. Read More
Texas Offers Temporary Tax Amnesty for Nonadmitted Captive Insurers
The Texas Comptroller of Public Accounts is offering a temporary tax amnesty program for nonadmitted captive insurance companies and their insureds. Eligible participants can file required insurance tax reports for 2022 through 2025 by December 31, 2026, with penalties and interest waived under the 4-year lookback program. Read More
Johnson Lambert Expands Advisory Services with New FOA Practice
Johnson Lambert LLP launched its financial and operations advisory (FOA) practice, expanding advisory services for insurance organizations, nonprofits, and employee benefit plans. Led by Brandon Veler, the practice provides expertise in financial operations, statutory reporting, regulatory compliance, transaction advisory, systems transformation, and reinsurance accounting to help organizations navigate operational and financial challenges. Read More