Market News
Vermont's Captive Count Hits 620 with 45 New Captive Licenses in 2021
Vermont licensed 45 new captive insurance companies in 2021, boosting the state's total number of captives to 620, up from 589 in 2020. The 45 new captive formations in 2021 was Vermont's fourth-highest year of growth in its 40-year history as a captive insurance domicile. Learn More
Bermuda Insurers, Reinsurers Set To Return to Underwriting Profitability
Bermuda insurers and reinsurers should show a return to underwriting profitability for 2021, with combined ratio improvements and premium increases more than offsetting increased catastrophe losses, Fitch Ratings said. Fitch said it expects insurance and reinsurance pricing to continue to rise but at a declining rate through midyear 2022 renewals. Learn More
Join IRMI as a Captive and Risk Finance Product Manager
Join IRMI in our role of captive and risk finance product manager. Read More
"Allianz Risk Barometer 2022" Results Highlight the Convergence of Risks
Cyber incidents are the top-ranked risk in the "Allianz Risk Barometer 2022," followed by business interruption, natural catastrophes, pandemic outbreak, and changes in legislation and regulation. Rounding out the top 10 are climate change, fire and explosion, market developments, shortage of a skilled workforce, and macroeconomic developments. Read More
Nevada Issued 21 New Captive Insurance Licenses in 2021
Nevada licensed 21 new captive insurance companies—most of them cell captives—in 2021, bringing the state's total to 295. According to the Nevada Division of Insurance, of the 21 new captives, 17 were protected cells, 3 were pure captives, and 1 was an agency captive. Read More
InsurTech Cowbell Cyber Forms Captive To Meet Cyber-Coverage Demand
Cyber-insurance provider Cowbell Cyber has formed a Vermont-domiciled captive insurance company to help the company meet the growing demand for cyber insurance. The InsurTech firm uses artificial intelligence to assist in risk selection and pricing as it underwrites cyber-insurance coverage for small-to-medium enterprises. Read More
South Carolina Licensed 21 New Captive Insurance Companies in 2021
Amid tightening conditions in the traditional commercial insurance market, South Carolina licensed a large number of new captive insurance companies in 2021. South Carolina licensed 21 captive insurance companies in 2021, bringing the state's total number of captives to 183. Read More