Market News
Premiums Increased Across Most Commercial Lines in July
Ivans® reports July 2024 saw premium renewal rate increases year over year for most commercial lines, except workers comp, which decreased. Month over month, commercial property rates also decreased. Read More
August "CICR" Analyzes IRS CCA on Micro-Captive Withholding Tax
Don't miss the August issue of "Captive Insurance Company Reports" ("CICR"), which breaks down an Internal Revenue Service (IRS) Chief Counsel Advice (CCA) addressing the treatment of non–US-domiciled micro-captives when transactions are not considered insurance, focusing on withholding tax applicability under § 881(a). Read More
Public D&O Pricing Decreases in Second Quarter 2024
Aon Commercial Risk Solutions reported a 5.2 percent decrease in average price per million for public directors and officers (D&O) liability insurance in Q2 2024 compared to Q2 2023. The report highlights significant trends, including a 6.2 percent price drop for policies renewing in both quarters and a ninth consecutive quarterly decrease in the pricing index. Read More
Cayman Islands Sees Significant Increase in Insurer Licenses in Q2 2024
The Cayman Islands Monetary Authority reports a surge in new international insurer licenses in Q2 2024. Growth spans public entity captives and diverse license classes, highlighting Cayman's appeal as a prime jurisdiction for the international insurance industry. Learn more about these developments and their impact. Read More
SRS Altitude Partners with Generali for ART Underwriting
SRS Altitude has formed a partnership with Generali Global Corporate & Commercial to boost their alternative risk transfer (ART) underwriting activities. This collaboration aims to develop innovative ART solutions, addressing complex risks and expanding capabilities for clients, leveraging the strengths of both organizations in global risk management and insurance. Read More