Market News
McGriff Expands Captive Market Presence with ARR Acquisition
Insurance broker McGriff Insurance Services, LLC, has acquired Alternative Risk Resources (ARR), a Wisconsin-based commercial brokerage specializing in captive insurance. McGriff said the acquisition expands its presence in the captive insurance market with a firm that has been active in the captive industry for more than 25 years. Read More
September "CICR" Looks at Captive Solution for Energy Industry
Don't miss the September issue of Captive Insurance Company Reports (CICR), which takes a look at how captive insurance can be used to solve the problem of financing the cost of capping nonproductive oil and gas wells. Read More
US, Bermuda Reinsurers Saw Underwriting Results Improve in 2022
While their overall profitability deteriorated, US and Bermuda reinsurers collectively reported improved underwriting results in 2022, according to A.M. Best. Best said its composite of 21 reinsurance groups domiciled in the US or Bermuda experienced net premium growth of 16 percent in 2022. Read More
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