Market News
US Property-Casualty Premium Increases Moderated in Q4: WTW CLIPS
US commercial insurance prices continued to increase in the fourth quarter of 2024, though increases moderated, according to Willis Towers Watson (WTW). Insurers reported an aggregate price increase of 5.6 percent during the final 3 months of 2024, down from a 6.1 percent increase reported during the year's third quarter. Learn More
Best Insurer Rating Upgrades Increased in 2024 as Downgrades Dipped
Insurer credit rating upgrades increased in the US property-casualty insurance sector in 2024 while downgrades saw a decline, according to AM Best. Best reported 42 rating upgrades among US property-casualty insurers in 2024, up from 35 during 2023, and 43 downgrades, down from 55 the prior year. Learn More
Captive Insurance Strategies Evolve in 2025: Insights from Airmic Survey
Airmic's 2025 Captives Survey underscores the growing role of captive insurance in risk financing. The report explores trends in domicile selection, premium growth, expanding coverage lines, and increased utilization in response to market conditions, emphasizing captives as a strategic tool for organizations seeking flexible, long-term risk management solutions. Read More
Pinnacle Actuarial Resources Hosts 2025 Pinnacle University
Pinnacle University 2025 offers actuarial students hands-on experience in captive insurance, industry research, and business presentations, covering topics like artificial intelligence, inflation, and alternative markets. The invite-only event connects students with industry professionals to develop real-world skills and insights. Research findings will be published online in the coming months. Read More
March "CICR" Explores Ethics of AI for Captives
The March issue of "Captive Insurance Company Reports" ("CICR") examines artificial intelligence (AI) ethics in captive insurance, the National Collegiate Athletic Association's 1910 Collective, new Internal Revenue Service 831(b) regulations, and Florida as a captive domicile. Gain insights into ethical decision-making for captives and regulatory updates affecting the industry. Available via Vertafore ReferenceConnect or IRMI Online. Read More
Exploring the Growth and Innovation of a Captive Insurance Program in Construction with Andy Stoelting
In this episode of "The Edge of Risk," Andy Stoelting of Webcor discusses the evolution of its captive, Paramount Insurance, from a pure to a sponsored structure. He explores risk management innovations, Hawaii's domicile advantages, and balancing captive strategy with commercial markets to optimize financial performance in the construction industry. Read More
Paul Phillips, Tenda Honored with Captive Industry's Top Awards
CICA honored Paul Phillips with the 2025 Distinguished Service Award and Tenda with the Outstanding Captive Award. Mr. Phillips has shaped the captive insurance industry for over 30 years, while Tenda has expanded its innovative captive insurance model to serve family offices and private businesses seeking customized risk management solutions. Read More