Market News
June "CICR" Analyzes Important Captive Court Cases
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
US Property-Casualty Reinsurers' Net Premiums Grew in First Quarter
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
As Cyber-Risk Awareness Grows, Some Areas of Cyber-Risk Management Lag
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 Captive Law Changes Include Parametric Risk Transfer Contracts
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 Premium Increases Moderated Slightly in 1Q
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