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  • Risk Strategies Acquires Captive Manager, Oxford Risk Management Insurance brokerage firm Risk Strategies has acquired Oxford Risk Management Group (Oxford), an alternative risk and captive insurance and consultant. Oxford conducts captive feasibility analysis and also coordinates and manages turnkey captive insurance company arrangements, both domestically and internationally.
  • FEMA Launches FloodSmart Re Cat Bond for NFIP Flood Risk The Federal Emergency Management Agency (FEMA) will launch a cat bond to transfer risk from the National Flood Insurance Program (NFIP) to the capital markets through FloodSmart Re, Ltd., a Bermuda-domiciled special purpose vehicle.
  • Swiss Re sigma: Global Insurance Premiums Continued To Rise in 2017 Swiss Re's latest sigma report reveals that emerging markets continue to be a key driver of global premium growth, particularly in the life sector, as China remained among the world's fastest growing insurance markets. Swiss Re expects global non-life premiums to rise, led by the US, where the economy is strengthening.
  • Insurance Sector Responses Follow UK Government Brexit White Paper The UK government's Brexit white paper further defines the United Kingdom's position surrounding its exit from the European Union. Regarding financial services, the white paper confirms that the United Kingdom will leave the EU Single Market, will no longer operate under the European Union's "passporting" regime, and will not adopt an equivalence regime.
  • ICCIE Updates: CICA Partnership, New CE Guidelines, 17 New Designees The International Center for Captive Insurance Education (ICCIE) is partnering with the Captive Insurance Companies Association (CICA) on a new career development program and has updated its continuing education (CE) guidelines for Associate in Captive Insurance designation graduates. ICCIE has also announced 17 new captive insurance designees.
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  acquisition 480x377

Risk Strategies Acquires Captive Manager, Oxford Risk Management

Insurance brokerage firm Risk Strategies has acquired Oxford Risk Management Group (Oxford), an alternative risk and captive insurance and consultant. Oxford conducts captive feasibility analysis and also coordinates and manages turnkey captive insurance company arrangements, both domestically and internationally.
July 20, 2018 Read More
  Flood Houses

FEMA Launches FloodSmart Re Cat Bond for NFIP Flood Risk

The Federal Emergency Management Agency (FEMA) will launch a cat bond to transfer risk from the National Flood Insurance Program (NFIP) to the capital markets through FloodSmart Re, Ltd., a Bermuda-domiciled special purpose vehicle.
July 19, 2018 Read More
  Global Business Graph 480x377

Swiss Re sigma: Global Insurance Premiums Continued To Rise in 2017

Swiss Re's latest sigma report reveals that emerging markets continue to be a key driver of global premium growth, particularly in the life sector, as China remained among the world's fastest growing insurance markets. Swiss Re expects global non-life premiums to rise, led by the US, where the economy is strengthening.
July 17, 2018 Read More
  Brexit News-SF

Insurance Sector Responses Follow UK Government Brexit White Paper

The UK government's Brexit white paper further defines the United Kingdom's position surrounding its exit from the European Union. Regarding financial services, the white paper confirms that the United Kingdom will leave the EU Single Market, will no longer operate under the European Union's "passporting" regime, and will not adopt an equivalence regime.
July 16, 2018 Read More
  Article Photo for ICCIE Announcement 480x377

ICCIE Updates: CICA Partnership, New CE Guidelines, 17 New Designees

The International Center for Captive Insurance Education (ICCIE) is partnering with the Captive Insurance Companies Association (CICA) on a new career development program and has updated its continuing education (CE) guidelines for Associate in Captive Insurance designation graduates. ICCIE has also announced 17 new captive insurance designees.
July 13, 2018 Read More
  Hurricane from Space-SF

KBRA: Atlantic Hurricane Season Predictions Revised

Kroll Bond Rating Agency (KBRA) released a research report as two of the leading hurricane forecasters reduced their outlooks for the 2018 Atlantic hurricane season. The revised forecast from Colorado State University called for below average activity. AccuWeather also reduced its forecast, remaining more in line with historical averages.
July 13, 2018 Read More
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US House Passes International Insurance Standards Act of 2018

The US House of Representatives passed the International Insurance Standards Act of 2018 (H.R. 4537) on July 10, 2018. The legislation is intended to preserve the US state-based system of insurance regulation while giving Congress greater oversight of and transparency in international insurance standard-setting negotiations.
July 12, 2018 Read More
  Upward trend 2018-SF

Commercial Lines Market Continues To Harden, According to IVANS

IVANS has announced its second quarter 2018 "IVANS Index: Premium Renewal Rate Index" results. The outcomes showed a general uptick in premium renewal rate change across the commercial lines of business compared to first quarter 2018.
July 12, 2018 Read More
  ACA Storm Clouds 480x377

KBRA Updates Affordable Care Act Research

Kroll Bond Rating Agency (KBRA) recently released an update to its research report on the Affordable Care Act (ACA) outlining the continuing collapse of the healthcare Consumer Operated and Oriented Plan programs that were created and funded as part of the ACA. The latest report is titled "No Relief in Sight for Affordable Care Act Insureds."
July 11, 2018 Read More
  Artificial Intelligence Globe 480x377

FERMA Puts Forward Priorities for Artificial Intelligence Expert Group

The European Commission appointed 52 experts to the new High-Level Group on Artificial Intelligence. The group includes representatives of academia, business, and civil society that will support the implementation of the European Commission's communication on "Artificial Intelligence for Europe" that was published in April 2018.
July 10, 2018 Read More
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