Market News

Independent insurance company manager Strategic Risk Solutions has acquired a majority interest in Alpha Isle Services, a specialist medical-stop-loss claims administrator. AIS provides outsourced claims administration services to medical-stop-loss managing general underwriters as well as claims review and audit services to insurance companies. Read More

For many businesses, the far-flung supply chains that had become a critical element of operating models broke in the face of the COVID-19 pandemic. Since then, the Russia-Ukraine war and other geopolitical tensions—in addition to various other risks—have caused many businesses to take a fresh look at their supply chains. Read More

The District of Columbia licensed 5 new captive insurance companies during the first 2 months of 2023, according to the Captive Insurance Council of the District of Columbia (CIC-DC). That follows considerable captive growth in the domicile in 2022 when 25 captives were licensed in the District of Columbia. Read More

Despite the disruptions caused by the COVID-19 pandemic, the Russia-Ukraine war, and the resulting supply chain disruptions, global commercial property-casualty lines have delivered strong financial performance in recent years, according to a new report from McKinsey & Company. Yet the insurers are at an inflection point, the report says. Read More

Independent insurance company manager Strategic Risk Solutions (SRS) has partnered with investment firm Integrum Holdings LP to enhance the services SRS can deliver to the captive insurance and alternative risk markets. Integrum focuses on partnering with technology-enabled services companies in the financial and business services sectors. Read More