Market News

ARS Implements Captive D&O Arrangement for Cannabis Industry Company

September 23, 2021

Risk management consulting company Alternative Risk Strategies (ARS) has implemented a captive insurance arrangement for a large, vertically integrated cannabis company. As part of the arrangement, ARS successfully secured the placement of $10 million of directors and officers (D&O) captive insurance coverage through its ARS Captive Program. Read More

Insurance-Linked Securities Market Could Be Set for Significant Growth

September 22, 2021

The insurance-linked securities (ILS) market appears poised to set another single-year issuance record this year and could be set for significant expansion, according to Fitch Ratings. Fitch said it views the ILS sector as strong and viable and investors remain committed to the market. Read More

As Cyber Losses Mount, Cyber-Insurance Market Challenges Grow

September 20, 2021

Conditions in the cyber-insurance market during the first half of 2021 were even more challenging than many anticipated, a recent report says. According to the midyear 2021 "Global Cyber Market Update" from Arthur J. Gallagher & Co., the year has exceeded expectations for a turbulent and difficult cyber market. Read More

US Surplus Lines Insurers' 2020 Premium Growth Was Largest Since 2003

September 17, 2021

The US surplus lines market's 17.5 percent direct premium growth was its largest year-over-year premium increase since 2003, according to A.M. Best. Best’s Report, "Expanding Opportunities Boost Surplus Lines Growth and Spur Operating Profits," says 2020's increase in direct written premiums follows 11.2 percent growth in 2018 and 2019. Read More

US Property and Casualty Insurers' Second-Half Profits Likely To Slow

September 17, 2021

While US property and casualty insurers' statutory earnings improved materially during the first half of 2021, that profit expansion is expected to slow during the year's second half, according to Fitch Ratings. The industry's second-half profits will be limited by losses from recent natural catastrophes and deteriorating personal auto results. Read More