Market News
Podcast Episode Examines Dobbs Decision's Implications for Captives
The latest IRMI Podcast on the International Risk Management Institute's (IRMI) and Captive.com's Captive Podcasts page features Michael Maglaras, principal at Michael Maglaras & Company, discussing the potential impacts of the US Supreme Court's ruling in Dobbs v. Jackson Women's Health Organization on captive insurance. Read More
Cayman Islands' 8 Third-Quarter Captive Licenses Match Second Quarter
The Cayman Islands licensed eight new captive insurance companies during this year's third quarter, according to statistics from government regulators. Read More
Reputation Risk Awareness Grows as Risk Resilience Confidence Slips
Reputation risk is considered a top-3 risk at more than 1 in 4 companies and a top-5 risk at more than half, according to WTW. WTW's "2023 Reputational Risk Readiness Survey Report" said that 26 percent of companies now considering reputation a top-3 risk was up from 18 percent in 2021. Read More
Best Revises US Medical Professional Liability Outlook to Stable
A.M. Best has revised its outlook for the US medical professional liability (MPL) insurance segment to stable from negative. The rating agency cited the MPL segment's improved rate adequacy, diminishing impact from pandemic-related exposures, persistently redundant loss reserves, higher reinvestment rates, and improved overall returns. Read More
Analysis Projects 103.8 Percent 2023 Property-Casualty Combined Ratio
The property-casualty insurance industry is poised to post a 103.8 percent net combined ratio for 2023, according to the latest underwriting projections by actuaries at the Insurance Information Institute and Milliman. Severe convective storm losses were seen as a significant factor in the 2023 combined ratio. Read More