Market News

The Montana Captive Insurance Association has issued a new report to provide more information about forming a captive insurance company in the domicile. Among other things, the report addresses the types of captives that can be formed in Montana, details of formation, and capital and surplus requirements. Read More

After posting favorable results in 2021, US commercial auto insurers' first-half results for this year suggest a reversal in fortune, according to A.M. Best. Best noted that 2021 saw US commercial auto insurers experiencing a combined ratio under 100 percent for the first time in more than a decade. Read More

A review of risk retention groups' (RRGs') second-quarter financial results found that despite current political and economic uncertainty, RRGs remain financially stable while providing specialized coverage to their insureds.The findings were in the report "Analysis of Risk Retention Groups Second Quarter 2022" from Demotech, Inc. Read More

While new issuance in the catastrophe bond and insurance-linked securities (ILS) market slowed significantly in the third quarter of 2022, issuance for the year's first 9 months remains above average, according to Artemis. Artemis notes that the third quarter typically sees the lowest volume of new issuance. Read More

Aon plc has acquired data and analytics capabilities for reputational risk from Pentland Analytics, a provider of advanced analytics and advisory services. The transactions included Pentland's reputation crisis database, proprietary modeling algorithms, and a cloud-based Web app for clients. Read More