Market News

Reinsurers continued to turn in strong underwriting results during the first quarter of 2022, though they are running into headwinds affecting their overall results, according to two new reports. Inflation, rising interest rates, the Russia-Ukraine conflict, and the COVID-19 pandemic pose potential challenges. Read More

Don't miss the June issue of "Captive Insurance Company Reports" ("CICR"), in which P. Bruce Wright, Saren Goldner, and Kristan Rizzolo from Eversheds Sutherland (US) LLP provide an analysis of two very important recent court cases involving captives. The first is Delaware's challenge of an Internal Revenue Service (IRS) request for documents. The other case is that of CIC Services and its challenge of another request for information from the IRS from captives electing to be taxed under section 831(b) and their advisers. Read More

A group of 17 US property-casualty reinsurers wrote $22.7 billion of net premiums during the first quarter of this year, an increase from $17.9 billion during the same period in 2021, according to the Reinsurance Association of America. Read More

Vermont Governor Phil Scott has signed legislation modernizing Vermont's captive insurance statute and removing inconsistencies. Among the updates to Vermont's captive insurance law included in this year's bill, H.515, is the ability for captive insurance companies to enter into parametric risk transfer contracts. Read More

Confidence among business leaders in their organization’s core cyber-risk management competencies today has not grown since before the COVID-19 pandemic, according to a recent report from Marsh and Microsoft. The report found that the level of confidence had actually declined slightly from 2019 to today. Read More