Market News

While the cost-of-living crisis is seen as the greatest risk over the next 2 years, environmental and climate risks dominate the list of top risk concerns over the next decade, according to "The Global Risks Report 2023" from the World Economic Forum (WEF). Read More

Arizona licensed 14 new captive insurance companies in 2022, down from 27 in 2021 but still the state's second-highest number of formations over the last 14 years, the Captive Insurance Division of the Arizona Department of Insurance and Financial Institutions recently reported. Read More

South Carolina licensed 27 captive insurance companies in 2022, up from 21 formations in 2021, bringing the state's total number of captives to 208. In addition to new captive formations, existing South Carolina-domiciled captive insurance companies are expanding by taking on more risks. Read More

January reinsurance renewals saw reinsurers reaching a "tipping point" where their bargaining power versus that of reinsurance buyers moved in the reinsurers' favor, according to Fitch Ratings. Most significant was that property and specialty lines reinsurance entered a hard market, Fitch said. Read More

Don't miss the January issue of "Captive Insurance Company Reports" ("CICR"), in which captive insurance industry leaders offer their thoughts on what might be some of the most notable events, developments, and issues in the captive insurance world in the year ahead. Find out what they had to say. Read More