Market News
Bermuda, UK (Re)Insurance Groups Look To Advance Markets' Partnership
The Association of Bermuda Insurers and Reinsurers and the Association of British Insurers have agreed to work together on several areas of mutual interest detailed in a memorandum of understanding. The associations said the agreement will build on the working partnership that exists between the two markets. Read More
US Cyber Insurers' Performance Improved in 2022 Amid Favorable Trends
US cyber insurers' performance improved in 2022, with cyber-insurance written premiums increasing 50 percent to $7.22 billion, while cyber insurers' loss ratio decreased 22 percentage points to 45 percent, according to a new report from Aon. Read More
Mapping the Journey to a Successful Captive
As they face higher insurance premiums and risks that could threaten their organizations, business leaders are increasingly considering captive insurance. But there's a tremendous educational component to evaluating the efficacy of a captive strategy, and even more industry exposure once a decision is made to proceed. Read More
NRRA Taking a Proactive Approach to Potential Florida RRG Legislation
The National Risk Retention Association (NRRA) is taking a proactive approach ahead of the next Florida legislative session in opposing legislation it says would discriminate against risk retention groups (RRGs). Florida legislators ended their 2023 session earlier this year without giving final approval to SB 516. Read More
CCRIF Offers Parametric Insurance for Caribbean Water Utilities
Water utilities in the Caribbean region can now purchase parametric insurance coverage through CCRIF SPC to protect them financially against such extreme weather events as hurricanes, tropical storms, and excess rainfall events. The Caribbean Water Utility Insurance Collective was established as a segregated portfolio (SP) within CCRIF. Read More