Market News
July "CICR" Analyzes Reserve Mechanical Opinion
Don't miss the July issue of "Captive Insurance Company Reports" ("CICR"), in which P. Bruce Wright and Saren Goldner from Eversheds Sutherland (US) LLP provide an analysis of a recent opinion by the US Court of Appeals for the Tenth Circuit in the micro-captive case Reserve Mechanical Corp. v. Commissioner. Read More
Self-Insuring Physical Damage with a Captive Model
Independent trucking firms with good loss performance and an appetite to bear some risk can employ captive insurance to self-insure physical damage. Forming a captive insurance company has helped haulers improve their profit picture while addressing the challenges of rising insurance costs or the unavailability of certain coverages. Read More
US Health Insurers' Earnings Showed COVID-19 Pandemic's Impact
While the US health insurance industry experienced positive results in 2021, its total underwriting gain of $23.9 billion was a 65 percent decline from 2020's level, according to A.M. Best. In a report, Best noted that COVID-19-related costs dampened the health insurance industry’s results. Read More
Reinsurers Increasingly Sensitive to Inflation at Midyear Renewals
Midyear reinsurance renewals saw a hardening of reinsurers' attitudes driven by economic and political factors—most notably inflation, according to Gallagher Re. The intermediary said that at midyear renewals, reinsurers looked closely at the actions ceding insurers were taking to address the impact of inflation. Read More
Catastrophe Bond and ILS Market Posts Strong Second Quarter
The first half of 2022 was the third most active first half ever for property catastrophe bonds and other insurance-linked securities (ILS), according to a new report from Artemis. The "Q2 2022 Catastrophe Bond & ILS Market Report" said this year's first half saw $8.7 billion in new issuance. Read More