Market News

European Captive Market Sees Growth Across Existing and New Domiciles

November 15, 2023

The number of captive insurance companies domiciled in Europe is growing, both within existing captive domiciles and new domiciles coming online, according to A.M. Best. The rating agency suggests that that growth should drive increased European captive insurance company numbers this year and beyond. Read More

Podcast Episode Examines Dobbs Decision's Implications for Captives

November 14, 2023

The latest IRMI Podcast on the International Risk Management Institute's (IRMI) and's Captive Podcasts page features Michael Maglaras, principal at Michael Maglaras & Company, discussing the potential impacts of the US Supreme Court's ruling in Dobbs v. Jackson Women's Health Organization on captive insurance. Read More

Cayman Islands' 8 Third-Quarter Captive Licenses Match Second Quarter

November 13, 2023

The Cayman Islands licensed eight new captive insurance companies during this year's third quarter, according to statistics from government regulators. Read More

Reputation Risk Awareness Grows as Risk Resilience Confidence Slips

November 10, 2023

Reputation risk is considered a top-3 risk at more than 1 in 4 companies and a top-5 risk at more than half, according to WTW. WTW's "2023 Reputational Risk Readiness Survey Report" said that 26 percent of companies now considering reputation a top-3 risk was up from 18 percent in 2021. Read More

Best Revises US Medical Professional Liability Outlook to Stable

November 10, 2023

A.M. Best has revised its outlook for the US medical professional liability (MPL) insurance segment to stable from negative. The rating agency cited the MPL segment's improved rate adequacy, diminishing impact from pandemic-related exposures, persistently redundant loss reserves, higher reinvestment rates, and improved overall returns. Read More