Market News
Strategic Risk Solutions Partners with Investment Firm Integrum
Independent insurance company manager Strategic Risk Solutions (SRS) has partnered with investment firm Integrum Holdings LP to enhance the services SRS can deliver to the captive insurance and alternative risk markets. Integrum focuses on partnering with technology-enabled services companies in the financial and business services sectors. Read More
Crime, Cyber Policies Combine To Address Fraudulent Instruction Risk
Email-based fraudulent instruction schemes are one of the most prevalent schemes affecting businesses today, and crime and cyber-insurance policies are the most common sources of recovery for most businesses affected by such schemes, according to Lockton. Businesses must understand what is and isn't covered under the two policies. Read More
Oklahoma Licensed 11 New Captive Insurance Companies in 2022
Oklahoma licensed 11 new captive insurance companies in 2022, increasing the domicile's total number of captives to 52. Oklahoma captive regulators expect the pace of new captive formations to remain strong in 2023. Read More
Commercial Property Passed Cyber for Largest Premium Increases in Q4
While commercial insurance premium increases continued to show signs of moderation during the fourth quarter of 2022, increases did continue for the 21st consecutive quarter, according to the Council of Insurance Agents & Brokers' "Commercial Property/Casualty Market Index." Fourth-quarter premium increases averaged 8.0 percent. Read More
Guernsey Licensed 12 New Captives in 2022, Bringing Total to 201
Guernsey finished 2022 with 201 captive insurance companies domiciled on the island, making it Europe's largest captive domicile, according to Guernsey Finance. Guernsey issued 12 new captive licenses last year while 3 were surrendered, breaking a tie with Luxembourg as the largest European domicile, Guernsey Finance said. Read More