Market News
DARAG Acquires Books of Business from 2 North American Captives
Legacy acquirer DARAG Group said it has completed two transactions with undisclosed North American captive insurance companies. The transactions have been written into DARAG Bermuda and offer full legal finality for the US workers compensation and automotive liability books of one captive and the workers compensation book of the other. Read More
ERM Maturity Found Lagging Behind Perception of Growth in Risks
While a sizable majority of senior finance leaders believe that the volume and complexity of risks facing their organizations have increased, a much smaller percentage say their organizations have complete enterprise risk management (ERM) processes in place, according to a recent study Read More
Medical Stop-Loss Captive Blackwell Captive Solutions Selects Manager
Blackwell Captive Solutions, a medical stop-loss captive insurance company domiciled in South Carolina and sponsored by Carrick Capital Partners, has named Captive Planning Associates, LLC, as its captive manager. Captive Planning Associates is a boutique captive management firm specializing in providing alternative risk solutions. Read More
Reinsurers Showed Discipline at "Orderly and Rational" July 1 Renewals
July 1 reinsurance renewals saw reinsurers remaining disciplined as they looked to bring terms and conditions into line with those seen at January 1 and April 1 renewals, according to analysis of the renewal period. While new capacity entered the reinsurance market, it didn't alter reinsurers' disciplined approach. Read More
Benchmarking Report Finds Captive Growth Across Lines, Regions
Captive insurance growth continues across all lines of business and all regions, according to the latest captive benchmarking report from Marsh Captive Solutions. Marsh found that captive premium growth continued in all regions, with even mature captive markets such as Europe and the island domiciles seeing growth. Read More