Market News
Major European Reinsurers See Strong 9-Month Earnings Growth
Lower natural catastrophe losses, improved investment results, and strong revenue growth in property-casualty reinsurance led to strong increases in the four main European reinsurers' earnings over the first three quarters of 2023 versus the same period last year, according to Fitch Ratings. Read More
European Captive Market Sees Growth Across Existing and New Domiciles
The number of captive insurance companies domiciled in Europe is growing, both within existing captive domiciles and new domiciles coming online, according to A.M. Best. The rating agency suggests that that growth should drive increased European captive insurance company numbers this year and beyond. Read More
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