Market News
Swiss Re Report Shows Global Insurance Resilience Increased in 2021
Global insurance resilience to all perils improved in 2021 but faces pressure this year and next, according to a report from the Swiss Re Institute. And the level of insurance resilience in 2021 was below its levels both before the COVID-19 pandemic and prior to the global financial crisis. Read More
July "CICR" Analyzes Reserve Mechanical Opinion
Don't miss the July issue of "Captive Insurance Company Reports" ("CICR"), in which P. Bruce Wright and Saren Goldner from Eversheds Sutherland (US) LLP provide an analysis of a recent opinion by the US Court of Appeals for the Tenth Circuit in the micro-captive case Reserve Mechanical Corp. v. Commissioner. Read More
Self-Insuring Physical Damage with a Captive Model
Independent trucking firms with good loss performance and an appetite to bear some risk can employ captive insurance to self-insure physical damage. Forming a captive insurance company has helped haulers improve their profit picture while addressing the challenges of rising insurance costs or the unavailability of certain coverages. Read More
US Health Insurers' Earnings Showed COVID-19 Pandemic's Impact
While the US health insurance industry experienced positive results in 2021, its total underwriting gain of $23.9 billion was a 65 percent decline from 2020's level, according to A.M. Best. In a report, Best noted that COVID-19-related costs dampened the health insurance industry’s results. Read More
Reinsurers Increasingly Sensitive to Inflation at Midyear Renewals
Midyear reinsurance renewals saw a hardening of reinsurers' attitudes driven by economic and political factors—most notably inflation, according to Gallagher Re. The intermediary said that at midyear renewals, reinsurers looked closely at the actions ceding insurers were taking to address the impact of inflation. Read More