Washington State Insurance Commissioner, Mike Kreidler, has offered captive insurance companies that have "unlawfully" insured any risk in Washington State in the past 15 years the chance to pay a substantially reduced fine and premium tax penalty for self-reporting this activity.

Arthur J. Gallagher & Co. has acquired Chicago-based Captive Insurance Company Design and Operations, a captive consultant focused exclusively on medical and professional liability.

Energi has named Michael Windstein as chief underwriting officer (CUO) for its Vermont-domiciled captive insurance solution, eCaptiv LLC. The captive offers two programs that target both small and large energy companies.

A new report from the National Association of Corporate Directors (NACD) looks at disruptive risk and proposes a methodology for dealing with the problem. We offer some analysis of the report and explain how the recommendation concerning adaptive governance is similar to our prior discussions of generative thinking.

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.

Zurich Insurance Company has appointed Adriana Scherzinger as the regional head of international program business commercial insurance, Latin America. In her new role, she will promote captive business.

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.

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.

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.

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).