Market News

Primmer Law Firm's Captive Solution Aims To Help Protect Journalists Read More

Arthur J. Gallagher & Co.'s captive and alternative risk transfer solutions subsidiary, Artex Risk Solutions, Inc., has acquired Dublin, Ireland-based Allied Risk Management. Allied Risk provides insurance and risk management services as well as actuarial services to clients around the world. Read More

Commercial insurance premiums increased for the 22nd consecutive quarter during this year's first quarter, though most lines saw price increases moderate, according to "The Council of Insurance Agents & Brokers' Quarterly P/C Market Survey." The first quarter survey showed an average premium increase of 8.8 percent across all account sizes. Read More

Among the earliest widespread use of the captive insurance concept was an effort to improve control over workers compensation premiums. For many companies, managing the financial impacts of workers comp claims provides a satisfying and educational introduction to captives, leading to employing captives as a tool for other risks. Read More

The medical professional liability (MPL) insurance segment experienced negative returns and a decline in policyholders' surplus in 2022 despite improved underwriting results and positive net income, according to A.M. Best. Best said the MPL segment's performance was attributable primarily to unrealized losses resulting from volatility in the capital markets. Read More