Market News
Risk Retention Groups' Premiums Increase during First Quarter of 2022
Risk retention groups (RRGs) saw increases in premium volume in the first quarter of 2022, according to a newly released analysis by Demotech, Inc. In all, RRGs reported $2.1 billion of direct written premiums in the first quarter of 2022, up 7.9 percent over the first quarter of 2021. Read More
Premium Increases Continued Across Most Commercial Lines in May
Year over year, nearly all lines of commercial insurance business except workers compensation experienced increases in average premium renewal rate in May, according to the IVANS Index, a regular premium renewal rate index compiled by the IVANS insurance exchange service. Read More
Strong Underwriting Results Aside, Reinsurers Face Potential Headwinds
Reinsurers continued to turn in strong underwriting results during the first quarter of 2022, though they are running into headwinds affecting their overall results, according to two new reports. Inflation, rising interest rates, the Russia-Ukraine conflict, and the COVID-19 pandemic pose potential challenges. Read More
June "CICR" Analyzes Important Captive Court Cases
Don't miss the June issue of "Captive Insurance Company Reports" ("CICR"), in which P. Bruce Wright, Saren Goldner, and Kristan Rizzolo from Eversheds Sutherland (US) LLP provide an analysis of two very important recent court cases involving captives. The first is Delaware's challenge of an Internal Revenue Service (IRS) request for documents. The other case is that of CIC Services and its challenge of another request for information from the IRS from captives electing to be taxed under section 831(b) and their advisers. Read More
US Property-Casualty Reinsurers' Net Premiums Grew in First Quarter
A group of 17 US property-casualty reinsurers wrote $22.7 billion of net premiums during the first quarter of this year, an increase from $17.9 billion during the same period in 2021, according to the Reinsurance Association of America. Read More