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  • SRS Starts Bermuda Segregated Accounts Company Strategic Risk Solutions has formed a segregated accounts company in Bermuda to provide a Bermuda cell facility alternative to SRS's clients and trading partners. The company will provide a start-up alternative and will be useful for entities moving from a sponsored cell facility or as an incubator for stand-alone captive programs.
  • IVANS August: Commercial Auto and General Liability Rates Slightly Down IVANS has announced the results of August's "IVANS Index: Premium Renewal Rate Index." Premium renewal rate change for the majority of standard commercial lines products remains in positive territory. Commercial auto and general liability experienced a slight downward tick while remaining in positive territory.
  • Maglaras & Company Advises Vermont's 1,100th Licensed Captive Insurer Vermont recently licensed its 1,100th captive insurance company, AssureCap Indemnity, LLC. The sponsored captive insurance company was formed by the Assurance Agency, Ltd., and Michael Maglaras & Company advised on AssureCap's formation and business plan.
  • Bermuda Captive Insurers Will Cover Their Fair Share of Hurricane Losses Last week's Bermuda Captive Conference highlighted the Bermuda insurance market's role in global risk innovation as well as the Bermuda insurance industry's value, through billions of dollars of claims payments, in helping communities and businesses recover and rebuild after catastrophic events like Hurricane Irma.
  • Aon: Insurance-Linked Securities (ILS) Sector Sets New Record Aon Securities, the investment banking division of Aon Benfield, launched its annual report on the insurance-linked securities (ILS) sector, which analyzes the key trends witnessed in the 12 months ending June 30, 2017. The report also provides an overview of related markets and re/insurance mergers and acquisitions activity.
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  Strategic Risk Solutions

SRS Starts Bermuda Segregated Accounts Company

Strategic Risk Solutions has formed a segregated accounts company in Bermuda to provide a Bermuda cell facility alternative to SRS's clients and trading partners. The company will provide a start-up alternative and will be useful for entities moving from a sponsored cell facility or as an incubator for stand-alone captive programs.
September 20, 2017 Read More
  White commercial delivery vans parked in a row

IVANS August: Commercial Auto and General Liability Rates Slightly Down

IVANS has announced the results of August's "IVANS Index: Premium Renewal Rate Index." Premium renewal rate change for the majority of standard commercial lines products remains in positive territory. Commercial auto and general liability experienced a slight downward tick while remaining in positive territory.
September 19, 2017 Read More
  Vermont Flag 480x377

Maglaras & Company Advises Vermont's 1,100th Licensed Captive Insurer

Vermont recently licensed its 1,100th captive insurance company, AssureCap Indemnity, LLC. The sponsored captive insurance company was formed by the Assurance Agency, Ltd., and Michael Maglaras & Company advised on AssureCap's formation and business plan.
September 19, 2017 Read More
  David Gibbons

Bermuda Captive Insurers Will Cover Their Fair Share of Hurricane Losses

Last week's Bermuda Captive Conference highlighted the Bermuda insurance market's role in global risk innovation as well as the Bermuda insurance industry's value, through billions of dollars of claims payments, in helping communities and businesses recover and rebuild after catastrophic events like Hurricane Irma.
September 18, 2017 Read More
  Graph Growth 480x377

Aon: Insurance-Linked Securities (ILS) Sector Sets New Record

Aon Securities, the investment banking division of Aon Benfield, launched its annual report on the insurance-linked securities (ILS) sector, which analyzes the key trends witnessed in the 12 months ending June 30, 2017. The report also provides an overview of related markets and re/insurance mergers and acquisitions activity.
September 15, 2017 Read More
  Paper chain men on top of an insurance policy

IRMI Expands Free Information Resources To Include Hurricane Irma

International Risk Management Institute, Inc. (IRMI), has opened several resources to the public at no charge to help victims and insurance professionals navigate the insurance process after the devastation of Hurricanes Harvey and Irma.
September 14, 2017 Read More
  Members of Team SRS in blue shirts pose in front of the registration tent at a Starry Night event benefiting the Pediatric Brain Tumor Foundation.

Join Strategic Risk Solutions To Support Pediatric Brain Tumor Foundation

Strategic Risk Solutions (SRS) is a national supporter of the Pediatric Brain Tumor Foundation (PBTF). This fall, the PBTF is hosting its annual Starry Night events in eight cities around the United States. SRS invites you to help it raise $50,000 for events in Boston, Dallas, and Atlanta.
September 14, 2017 Read More
  Flooded Residential Street 480x377

Hurricane Harvey Flooding: AIR Worldwide Says $65 Billion to $75 Billion in Property Damage

AIR Worldwide estimates property losses from Hurricane Harvey Texas flooding will be between $65 billion and $75 billion. This includes damage to all properties eligible for coverage regardless of whether they are actually insured and without any application of deductibles or limits. Estimates exclude losses from winds or storm surge.
September 13, 2017 Read More
  Money and Compass 480x377

CCRIF SPC Pays Out $15.6 Million Following Hurricane Irma

​The Caribbean Catastrophe Risk Insurance Facility Segregated Portfolio Company (CCRIF SPC) will be making payouts totaling approximately $15.6 million to the governments of Antigua and Barbuda, Anguilla, and St. Kitts and Nevis as a result of the passage of Hurricane Irma, which triggered payments on these countries' tropical cyclone policies.
September 12, 2017 Read More
  NASA image of Tropical Storm Harvey

Harvey Likely Costliest US Natural Disaster on Record, According to Aon

The Aon Catastrophe Report reveals that Hurricane Harvey is likely to become one of the costliest natural disasters on record in the United States. Preliminary published reports suggest that insured losses—including those paid by private industry and the National Flood Insurance Program—were likely to well exceed $10 billion.
September 12, 2017 Read More
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