Market News
2022's Strong Pace of Captive Formations Expected To Continue in 2023
New captive insurance company formations continued to be strong in 2022, and captive formations are expected to remain at a high level in 2023 amid continued high rates in the traditional commercial insurance market, captive regulators say. Read More
North Carolina Added 62 New Captive Insurance Companies in 2022
North Carolina licensed 62 new captive insurance companies in 2022, increasing the domicile's total number of captives to 294. North Carolina is one of the younger captive insurance domiciles in the United States. North Carolina lawmakers passed the state's captive statute in 2013. Read More
Premium Increases Continued Across Most Commercial Lines in Q4
The average premium renewal rate change increased year over year across all major commercial insurance lines during the fourth quarter except for workers compensation, according to the "Ivans Index," a regular premium renewal rate index compiled by the Ivans insurance exchange service. Read More
Using Captives To Manage Supply Chain and Business Interruption Risks
As many businesses saw their supply chains become more far-flung over the past 2 decades, recent events have highlighted supply chain vulnerabilities. As businesses look to address supply chain and business interruption exposures, captive insurance can play a valuable part in those efforts. Read More
Montana Added 46 New Captive Insurance Companies in 2022
Montana licensed 46 new captive insurance companies in 2022, boosting the domicile's total captive count to 268. Montana officials expect captive formations to remain strong in the state in 2023 and have already licensed six new captives this year. Read More