Market News

Join IRMI in our role of captive and risk finance product manager. Read More

Cyber incidents are the top-ranked risk in the "Allianz Risk Barometer 2022," followed by business interruption, natural catastrophes, pandemic outbreak, and changes in legislation and regulation. Rounding out the top 10 are climate change, fire and explosion, market developments, shortage of a skilled workforce, and macroeconomic developments. Read More

Nevada licensed 21 new captive insurance companies—most of them cell captives—in 2021, bringing the state's total to 295. According to the Nevada Division of Insurance, of the 21 new captives, 17 were protected cells, 3 were pure captives, and 1 was an agency captive. Read More

Cyber-insurance provider Cowbell Cyber has formed a Vermont-domiciled captive insurance company to help the company meet the growing demand for cyber insurance. The InsurTech firm uses artificial intelligence to assist in risk selection and pricing as it underwrites cyber-insurance coverage for small-to-medium enterprises. Read More

Amid tightening conditions in the traditional commercial insurance market, South Carolina licensed a large number of new captive insurance companies in 2021. South Carolina licensed 21 captive insurance companies in 2021, bringing the state's total number of captives to 183. Read More