Market News

Captive insurance provides a strategic alternative for businesses seeking cost-effective risk management. By covering hard-to-insure and emerging risks, captives offer flexibility, financial control, and access to reinsurance, making them a valuable tool for organizations looking to mitigate risk and manage insurance costs efficiently. Read More

This episode examines how insurance fundamentals support successful captive insurance companies amid increased Internal Revenue Service (IRS) scrutiny. Topics include actuarial pricing, reserving, risk transfer, governance, recent court decisions, emerging risks, and practical considerations for operating a captive as a well-managed, long-term insurance company. Read More

Organizations considering captive insurance should begin with a broader assessment of their risk financing strategy. Evaluating loss history, risk-bearing capacity, insurance programs, business objectives, and future plans can help determine a captive's appropriate role, identify new coverage opportunities, guide surplus management, and keep the captive aligned with evolving needs. Read More

AM Best reports that record capital and increasing competition are testing underwriting discipline across the global reinsurance market. Property catastrophe rates are declining, while casualty pricing and long-tail liabilities remain significant concerns. Despite these pressures, strong capitalization and favorable earnings support AM Best's stable outlook for the non-life reinsurance segment. Read More

The Texas Comptroller of Public Accounts is offering a temporary tax amnesty program for nonadmitted captive insurance companies and their insureds. Eligible participants can file required insurance tax reports for 2022 through 2025 by December 31, 2026, with penalties and interest waived under the 4-year lookback program. Read More