Market News

Rating Agency Sees Cyber-Insurance Market Remaining Hard Long-Term

June 21, 2022

Increasingly complex cyber attacks, the rise of remote working, and the growth of cryptocurrencies are among the factors likely to result in a hard cyber-insurance market for some time to come, according to A.M. Best. Read More

7 Traits of Successful Group Captive Members

June 20, 2022

Group captives can provide a valuable option for small and midsized companies looking for alternatives to the hard commercial insurance market. Successful members of group captives share a number of common characteristics, outlined in this article. Read More

North Carolina Governor Signs Redomestication Incentive Measure

June 17, 2022

North Carolina Governor Roy Cooper has signed into law recently passed legislation, SB 347, that will give captive insurance companies licensed in other domiciles a new incentive to redomesticate to North Carolina. Earlier, the measure received strong support from the state's insurance regulators. Read More

Survey Finds Q1 Commercial Insurance Price Increases Slowed Slightly

June 16, 2022

Aggregate US commercial insurance prices increased 6 percent during the first quarter of this year, down approximately one percentage point from the fourth quarter of 2021, according to Willis Towers Watson (WTW). WTW’s Commercial Lines Insurance Pricing Survey (CLIPS) showed nearly all lines experiencing significant price increases during the quarter. Read More

Bermuda Saw 17 New Captive Insurance Company Formations in 2021

June 16, 2022

Bermuda licensed 17 new captive insurance companies in 2021, according to the Bermuda Monetary Authority's 2021 annual report. The new formations are an increase from 2020, when Bermuda licensed 12 new captives insurance companies. Read More