Market News
Cyber, Business Interruption Top Risks in "Allianz Risk Barometer 2023"
Cyber incidents and business interruption ranked at the top of businesses' top risk concerns in the "Allianz Risk Barometer 2023" from insurer Allianz Global Corporate & Specialty. The top two risks in this year's "Allianz Risk Barometer" held the same spots in the 2022 report. Read More
Cell Captives Made Up Most of Nevada's 29 New Formations in 2022
Nevada licensed 29 new captive insurance companies in 2022. Of the 29 new captives, 25 were protected cell captives and 4 were single-parent captives. Including cell captives, Nevada had 299 captives at the end of 2022, up from 295 in 2021. Read More
Zurich, ICS Form Sustainability-Focused Envision Re Group Captive
Zurich North America and Innovative Captive Strategies (ICS) have collaborated to form Envision Re, Ltd., a group captive insurance company focused not only on members' risk management programs but also their sustainability efforts. ICS will manage the Envision Re captive. Read More
Inflation, Climate Risks Top 2023 World Economic Forum Report
While the cost-of-living crisis is seen as the greatest risk over the next 2 years, environmental and climate risks dominate the list of top risk concerns over the next decade, according to "The Global Risks Report 2023" from the World Economic Forum (WEF). Read More
Arizona Added 14 Captives in 2022, Bringing State's Total to 162
Arizona licensed 14 new captive insurance companies in 2022, down from 27 in 2021 but still the state's second-highest number of formations over the last 14 years, the Captive Insurance Division of the Arizona Department of Insurance and Financial Institutions recently reported. Read More