Market News

Cyber insurers generated approximately $6.5 billion in premiums in the United States in 2021, a 61 percent increase from the prior year, according to the National Association of Insurance Commissioners (NAIC). Insurers writing stand-alone cyber-insurance coverage reported approximately $4.5 billion direct written premiums in 2021, the NAIC said. Read More

Guernsey recently marked 100 years of captive insurance in the domicile with a celebration in London hosted by Guernsey Finance and the Guernsey International Insurance Association. The first captive was registered in Guernsey in June 1922 by Commercial Insurance Company Limited (CICL). Read More

The US workers compensation insurance segment has enjoyed stable profitability for several years, though inflation clouds the line's future, according to A.M. Best. Best noted that the annual underwriting profit in the US workers compensation line has averaged $4.8 billion over the last 5 years. Read More

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