Market News
Recent Cyber-Risk ILS Deals May Lead to Expanded Reinsurance Capacity
Two recent insurance-linked securities (ILS) deals that saw (re)insurers transferring cyber risk to the capital markets demonstrate potential for a broader source of reinsurance for cyber exposures, according to Fitch Ratings. Fitch said the two recent cyber-risk ILS deals—by Beazley and Hannover Re—together transferred $145 million of cyber risk. Read More
Expecting Continued Cell Captive Growth, Innovation
Cell captives provide a simple, affordable approach for organizations considering using alternative risk financing strategies to address risks that may be costly or difficult to insure. A cell captive gives owners a strategic risk management tool that can be implemented in much less time than a single-parent captive. Read More
District of Columbia Licensed 25 Captive Insurance Companies in 2022
The District of Columbia licensed 25 new captive insurance companies in 2022, boosting the domicile's total number of captives to 191. District of Columbia captive regulators said they expect new captive formations will continue to be strong in 2023. Read More
February "CICR" Looks at AI for Modeling Hurricane Risk
Don't miss the February issue of "Captive Insurance Company Reports" ("CICR"), which looks at the role that artificial intelligence (AI) and big data might play in better understanding hurricane risks and potential losses. Read More
Commercial Insurance Price Increases Continued To Moderate in Q4
Global commercial insurance prices increased 4 percent during the fourth quarter of 2022, as the pace of quarterly increases continued to slow, according to the "Marsh Global Insurance Market Index." Prices had previously increased 6 percent during the third quarter and 9 percent in the second quarter. Read More