Market News
Atlas Insurance Management Videos Provide Essential Captive Insights
In a series of videos, Atlas Insurance Management provides important insights into a variety of key captive insurance topics. The videos cover such topics as the Cayman domicile, how insurance companies set premium, the definition of "insurance company," and how single-parent captives can benefit from risk pooling. Read More
Commercial Insurance Price Increases Held Steady at 4 Percent in Q1
Global commercial insurance prices increased 4 percent in the first quarter of 2023, the same percentage as in the fourth quarter of 2022, according to the Marsh "Global Insurance Market Index." This year's first quarter was the 22nd consecutive quarter in which composite commercial insurance prices increased. Read More
2022 Saw Political Risk Transform into a More Widespread Peril
The Russia-Ukraine War has transformed political risk from a low-frequency/high-severity risk into a more widespread peril, a new survey has found. According to the "2023 Political Risk Survey Report" from Willis Towers Watson, 92 percent of all responding companies experienced a political risk loss in 2022. Read More
Investment Market Volatility Dragged Down Reinsurers' 2022 Results
Despite property and casualty (P&C) premium growth and resilient underwriting, a group of major global reinsurers saw net income and total capital fall in 2022, largely as a result of investment market downturns. In the "Aon’s Reinsurance Aggregate" report for 2022, Aon noted that the group's P&C premiums increased by 9 percent last year. Read More
VCIA Report Documents Organization's Efforts on Behalf of Captives
The Vermont Captive Insurance Association (VCIA) had 404 member companies in 2022, of which more than 67 percent are captive insurance owners, according to the VCIA's "2022 Impact Report." VCIA members came from 41 states, according to the report, with the association's membership growing by 7 percent last year. Read More