Market News
Hawaii's Captive Growth Continues with 17 Formations in 2021
Captive growth is continuing in Hawaii, with the state licensing 17 new captive insurance companies in 2021, bringing the state's captive count to 251. Hawaii is a long-standing captive insurance domicile, with state lawmakers passing the legislation authorizing captive formations in 1986. Read More
Captive Industry's Strong 2021 Growth Expected To Continue in 2022
New captive insurance company formations continued at a strong pace in 2021. Growth is expected to remain high in 2022, as premium increases are likely to continue in the traditional commercial insurance market, captive regulators and managers say. Read More
US Property and Casualty Industry's Performance Shows Recovery from 2020
The US property and casualty (P&C) insurance industry experienced 10 percent year-over-year growth in direct premiums written through the third quarter of 2021, according to A.M. Best. The rating agency described the US P&C industry's performance as a "return to normalcy following 2020." Read More
Brisk Pace of New Captive Insurance Formations Continues in Utah
New captive insurance company formations in Utah are continuing at a high level, with the state licensing 51 captive insurance companies in 2021. Last year's new formations follow 39 captives licensed in 2020 and 42 in 2019, bringing Utah's total captive count to 383 at the end of 2021. Read More
Amazon Courier Captives: A Solution That Really Delivers
Amazon's delivery model is a logistical marvel that also creates unique loss risks in its "last-mile" drivers that are well suited to captive insurance. A hard insurance market, like the one that the last-mile industry is facing, is common with relatively new risks that have clear high-risk characteristics. Read More