Market News
Bermuda Regulators Work To Keep Pace with Captive Insurance Innovation
As Bermuda's captive insurance industry continues to use captives in new ways and to address emerging exposures, the Bermuda Monetary Authority (BMA) continues to work to provide a suitable supervisory framework to address emerging structures. Two major areas of that effort are climate and cyber risks. Read More
Podcast Focuses on the Unique Benefits of Group Captive Ownership
A new IRMI Podcast on the International Risk Management Institute, Inc. (IRMI), and Captive.com Captive Podcasts page features Jim DeWulf of Captive Resources discussing the benefits of group captives. Podcast listeners will be led through the world of group captives and shown the invaluable benefits that owner control brings to organizations. Read More
WTW Survey Shows Commercial Insurance Price Increases Continued in Q3
US commercial insurance prices continued to increase during this year's third quarter, with insurers reporting an aggregate commercial price change of 6.1 percent, according to Willis Towers Watson's (WTW's) Commercial Lines Insurance Pricing Survey. Read More
Risk Innovation: Captives + Linked Securities
Combining captive insurance with insurance-linked securities (ILS) can provide long-term value and additional risk transfer capacity and capabilities for enterprise-scale companies. The ILS sector acts as a proven and reliable complement to the commercial insurance and reinsurance market. Read More
US Property-Casualty Industry Posts 9-Month Underwriting Loss
The US property-casualty insurance industry posted a $32.2 billion net underwriting loss through the first 9 months of 2023, according to A.M. Best. The underwriting loss during this year's first 3 quarters was $7.6 billion worse than the loss posted over the same period in 2022, Best said. Read More