Market News
Premium Hikes Slow for Many Commercial Lines in January
Nearly all commercial insurance lines experienced year-over-year premium renewal rate increases in January, though most experienced decreases in the rate of increase from the prior month, according to the IVANS Index, a regular premium renewal rate index compiled by the IVANS insurance exchange service. Read More
Survey Finds Room for Improvement in Reputation Risk Readiness
A new survey reveals that a solid majority of executives of global companies have doubts about their organizations' reputation and environmental, social, and governance risk readiness. The survey found that while companies are making gains in addressing the risks, more can be done. Read More
ILS Market Overcame Catastrophe Challenges during Record-Setting 2021
Despite a challenging year for catastrophe losses, the insurance-linked securities (ILS) market broke its record for annual new issuance once again in 2021, according to a new report from Swiss Re. Some $13 billion in new bonds came to market during the year, the report said. Read More
New Group Looks To Provide Single Voice for Bermuda's Captive Industry
A group of Bermuda captive insurance organizations have collaborated to create the Bermuda Captive Network, a membership-focused organization aimed at providing education, value, and effective representation for Bermuda's captive and managed insurance industry. The new entity will continue to promote Bermuda as a world-class domicile in the global risk market. Read More
Connecticut Adds to Captive Count with 13 New Formations in 2021
Connecticut licensed 13 new captive insurance companies in 2021, significantly raising the state's number of captives to 35, up from 22 in 2020 and 16 in 2019. The new licenses approved by the state were for both new captives and the redomestication of captive insurance companies from other domiciles. Read More