Market News

Don't miss the June issue of "Captive Insurance Company Reports" ("CICR"), in which P. Bruce Wright, Saren Goldner, and Kristan Rizzolo from Eversheds Sutherland (US) LLP provide an analysis of two very important recent court cases involving captives. The first is Delaware's challenge of an Internal Revenue Service (IRS) request for documents. The other case is that of CIC Services and its challenge of another request for information from the IRS from captives electing to be taxed under section 831(b) and their advisers. Read More

A group of 17 US property-casualty reinsurers wrote $22.7 billion of net premiums during the first quarter of this year, an increase from $17.9 billion during the same period in 2021, according to the Reinsurance Association of America. Read More

Confidence among business leaders in their organization’s core cyber-risk management competencies today has not grown since before the COVID-19 pandemic, according to a recent report from Marsh and Microsoft. The report found that the level of confidence had actually declined slightly from 2019 to today. Read More

Vermont Governor Phil Scott has signed legislation modernizing Vermont's captive insurance statute and removing inconsistencies. Among the updates to Vermont's captive insurance law included in this year's bill, H.515, is the ability for captive insurance companies to enter into parametric risk transfer contracts. Read More

Commercial insurance premiums continued to increase during the first quarter of 2022, marking the 18th consecutive quarter of premium increases, according to the Council of Insurance Agents & Brokers' Commercial Property/Casualty Market Index. There were signs, however, that market conditions might have eased slightly during the quarter. Read More