Market News
VCIA Bringing Captive Roadshow to Chicago for October Event
The Vermont Captive Insurance Association (VCIA) will bring its Captive Roadshow to Chicago with an afternoon-long event on October 3. The 2023 VCIA Chicago Roadshow will focus on the strategic advantages of captive insurance, in addition to the factors that make Vermont an attractive domicile for captive insurance companies. Read More
Cayman Islands Licensed 8 New Captives during the Second Quarter
The Cayman Islands licensed eight new captive insurance companies during the second quarter of this year, according to statistics released by the Cayman Islands Monetary Authority (CIMA). CIMA also licensed three new portfolio insurance companies and one Class D commercial reinsurer during the period. Read More
Insurance-Linked Securities Set for Big Year after Record First Half
The insurance-linked securities (ILS) market experienced a record level of new issuance during the first 6 months of this year, according to Swiss Re. Swiss Re said the ILS market saw nearly $9.85 billion in new issuance come to market across 64 tranches of notes during the first half of 2023. Read More
NAIC Publishes Updated Guide to Cannabis Insurance Market
The National Association of Insurance Commissioners (NAIC) has published the "Regulatory Guide to Understanding the Market for Cannabis Insurance: 2023 Update" white paper. The updated NAIC white paper explores emerging insurance issues in the cannabis industry and the current state of cannabis regulation in the United States. Read More
Global Reinsurers Appear Set for Return to Underwriting Profits
Having realigned their risk profiles, global reinsurers are in a strong position to generate the underwriting profits that have eluded them for a number of years, according to a new report from A.M. Best. Despite high claims activity reinsurers are facing, Best said it expects them to produce underwriting profits. Read More