Market News
Workers Compensation Sector's Results Outpace Broader PC Industry
Workers compensation insurers' underwriting results continued to outpace those of the rest of the US commercial property-casualty insurance sector in 2022, according to A.M. Best. The rating agency noted that workers compensation insurers benefited from a long-term decline in workplace accidents and a reduction in fraudulent claims. Read More
DEME Group Selects SRS Luxembourg as Captive Manager
Independent insurance company manager Strategic Risk Solutions (SRS) has announced that SRS Luxembourg has been appointed the dedicated captive manager for DEME Group's captive insurance company. SRS began providing all-inclusive captive management services and consulting services to the DEME captive on July 1, 2023. Read More
DARAG Acquires Books of Business from 2 North American Captives
Legacy acquirer DARAG Group said it has completed two transactions with undisclosed North American captive insurance companies. The transactions have been written into DARAG Bermuda and offer full legal finality for the US workers compensation and automotive liability books of one captive and the workers compensation book of the other. Read More
ERM Maturity Found Lagging Behind Perception of Growth in Risks
While a sizable majority of senior finance leaders believe that the volume and complexity of risks facing their organizations have increased, a much smaller percentage say their organizations have complete enterprise risk management (ERM) processes in place, according to a recent study Read More
Medical Stop-Loss Captive Blackwell Captive Solutions Selects Manager
Blackwell Captive Solutions, a medical stop-loss captive insurance company domiciled in South Carolina and sponsored by Carrick Capital Partners, has named Captive Planning Associates, LLC, as its captive manager. Captive Planning Associates is a boutique captive management firm specializing in providing alternative risk solutions. Read More