Market News

Old Republic Backs CICA's Amplify Women and NEXTGen Programs

July 17, 2025

Old Republic Risk Management is partnering with CICA to support its Amplify Women and NEXTGen initiatives. These programs expand career, leadership, and networking opportunities for women and young professionals in the captive insurance industry through events, mentorship, and education designed to build future industry leaders and promote inclusive professional development. Read More


Cayman Adds 21 New Insurance Licenses in First Half of 2025

July 16, 2025

The Cayman Islands issued 21 new insurance licenses in the first half of 2025, with growth across captive and reinsurance sectors. Cayman Islands Monetary Authority reports additional applications under review, potentially surpassing 2024 levels. The regulatory framework continues to attract a range of international insurers under Class B, C, and D categories. Read More


Chief Economists Caution on Trade Policy Shocks, AI Risks, and Growth

July 15, 2025

The World Economic Forum's May 2025 Chief Economists Outlook highlights rising global uncertainty driven by US trade policy, inflation, and artificial intelligence (AI) disruption. Economists expect delayed investments, regional divergence in growth, and mixed job impacts from AI, while governments face pressure from defense spending and public debt concerns. Read More


Evolving Cyber Coverage: AI Threats, Policy Exclusions, and Recovery

July 15, 2025

In a recent IRMI webinar, experts discussed how cyber insurance is evolving in 2025. Topics included artificial intelligence (AI)-driven attacks, war exclusions, physical damage risks, and the rise of tech-forward products. Attendees also heard insights on policy clarity, coverage gaps, and recovery strategies for increasingly complex cyber events and exposures. Read More


MGA Premiums Surge to $114 Billion as Sector Grows 16 Percent in 2024

July 14, 2025

US managing general agent (MGA) premiums rose 16 percent to $114.1 billion in 2024, driven by artificial intelligence adoption, talent migration from traditional insurers, and strong excess and surplus market activity. Conning's latest study highlights expanding fronting insurer roles and rising tech confidence, with 20 percent of MGA premium now backed by fronting companies. Read More