Market News
Vermont Captive Growth Continued in First Half with 22 New Licenses
Vermont, the largest US captive insurance domicile and the world's third largest, licensed 22 captives during the first 6 months of 2023. Of those 22 new captives, 15 are pure captives, 5 are sponsored captives, 1 is a risk retention group, and 1 is an association captive. Read More
United Educators Insurance Maintains A (Excellent) A.M. Best Rating
United Educators Insurance (UE), a Vermont-licensed risk retention group, has received an A (Excellent) financial strength rating for the 25th year from A.M. Best. Best said UE has a "very strong" balance sheet, adding that UE's business profile is good due to its leading market position and risk diversification. Read More
How Captives Support ESG Considerations
As environmental, social, and governance (ESG) initiatives become more common, captives are frequently playing a role in organizations' ESG efforts. Captives related to ESG initiatives provide an opportunity to take a fresh look at business operations, while improving management's ability to identify and manage risks. Read More
Workers Compensation Sector's Results Outpace Broader PC Industry
Workers compensation insurers' underwriting results continued to outpace those of the rest of the US commercial property-casualty insurance sector in 2022, according to A.M. Best. The rating agency noted that workers compensation insurers benefited from a long-term decline in workplace accidents and a reduction in fraudulent claims. Read More
DEME Group Selects SRS Luxembourg as Captive Manager
Independent insurance company manager Strategic Risk Solutions (SRS) has announced that SRS Luxembourg has been appointed the dedicated captive manager for DEME Group's captive insurance company. SRS began providing all-inclusive captive management services and consulting services to the DEME captive on July 1, 2023. Read More