Market News

A group of US property-casualty reinsurers wrote $81.0 billion of net premiums during the 12 months ending December 31, 2022, according to the Reinsurance Association of America (RAA). The 2022 premiums were up from $74.6 billion written in 2021, the RAA said. Read More

In group captive insurance, members' ability to create a safe workplace is pivotal in lowering their total cost of risk. The foundation of a safe workplace is a culture of safety that ultimately drives superior loss performance. Read More

Marsh Captive Solutions was the world's largest captive insurance company manager in 2022, with 1,567 captives under management, according to a new "Business Insurance" survey. The Marsh-managed captive insurance companies were in 54 domiciles and generated nearly $70 billion in gross premium volume last year, "Business Insurance" found. Read More

Don't miss the March issue of "Captive Insurance Company Reports" ("CICR"), which looks at the role that captive insurance companies potentially play in their parents' environmental, social, and governance (ESG) initiatives. Read More

As business risks grow more complex, many risk leaders are taking too narrow a view of the systemic risks facing their organizations, a new examination of businesses' enterprise risk management (ERM) progress suggests. Fewer than a third of risk leaders surveyed completely agreed that businesse risks can come from anywhere. Read More