Market News

California Wildfires Drive Record $80 Billion Insured Losses in Early 2025

August 7, 2025

Swiss Re estimates $80 billion in global insured losses from natural disasters in early 2025, driven by record-setting California wildfires and US thunderstorms. Wildfire claims alone reached $40 billion. With hurricane season ahead, total losses could exceed projections. Urbanization and climate conditions continue to amplify the financial toll of catastrophes. Read More


Captive Insurers Outperform Peers Despite 2024 Profit Decline

August 5, 2025

US captive insurers outperformed commercial peers in 2024 despite lower net income, delivering billions in cost savings. An AM Best report cites efficiency, targeted underwriting, and expanding use for new coverages as drivers of continued profitability and strategic value in enterprise risk management. Read More


How North Carolina Balances Growth and Oversight in Captive Insurance

August 4, 2025

Joe Rosenberger of the North Carolina Department of Insurance shares how the state became a top domicile for captive insurance. He discusses regulatory clarity, innovation in coverage for emerging risks, and future plans to integrate artificial intelligence and improve digital filing systems to enhance speed to market and industry responsiveness. Read More


SIIA Launches 2025 Captive Industry Survey Ahead of National Conference

August 4, 2025

The Self-Insurance Institute of America (SIIA) 2025 Captive Industry Survey invites industry professionals to share insights on captive insurance trends, risks, and practices. Open through August 22, the results will be unveiled at the 2025 National Conference in Phoenix. Participants may win a discounted 2026 conference registration or a $250 Amazon gift card. Read More


Vermont Reaches 1,400 Licensed Captive Insurers

August 1, 2025

Vermont has licensed its 1,400th captive insurance company, marking a significant milestone. The announcement highlights the state's reputation for regulatory excellence and industry expertise, reinforcing its position as a leading captive domicile. The Vermont Department of Financial Regulation and industry partners were credited for supporting the state's continued success. Read More