Market News

Roundtable Considers Creation of UK Captive Insurance Domicile

September 21, 2023

Global risk transfer experts discussed the potential benefits of a UK captive insurance regime at a recent roundtable discussion. The gathering was the first time the UK government had brought together market experts to discuss the benefits a captive insurance regime could bring to the United Kingdom. Read More

WTW Survey Finds Commercial Insurance Price Increases Continued in Q2

September 21, 2023

US commercial insurance prices increased 6.1 percent during this year's second quarter, according to Willis Towers Watson's (WTW's) Commercial Lines Insurance Pricing Survey (CLIPS). The second-quarter price increase was up slightly from the 5.6 percent increase during the first 3 months of this year, WTW said. Read More

Business Shifts Could Bode Well for Bermudian (Re)Insurers' Future

September 20, 2023

Bermudian (re)insurers' underwriting performance has improved in recent years, and recent strategic shifts in their underwriting practices could bode well for their future, according to S&P Global Ratings. Still, the combination of heightened natural catastrophe losses, persistently high inflation, and potential shortfalls in loss reserves could pose roadblocks. Read More

Podcast Focuses on Growth in the Latin American Captive Market

September 19, 2023

A new IRMI Podcast on the International Risk Management Institute, Inc., and Captive Podcasts page features Luis Delgado of Strategic Risk Solutions (SRS) discussing explosive captive growth in the Latin America (LATAM) region. Mr. Delgado is Latin America regional director at SRS. Read More

Latin American Reinsurers See New Opportunities, Ample Capital

September 19, 2023

Global reinsurers' limited appetite for business in Latin America has created opportunities for domestic and regional reinsurers in the region, according to A.M. Best. At the same time, over the past 4 years the minimal number of severe catastrophe events in the region have not produced major insured losses. Read More