Market News

Amid tightening conditions in the traditional commercial insurance market, South Carolina licensed a large number of new captive insurance companies in 2021. South Carolina licensed 21 captive insurance companies in 2021, bringing the state's total number of captives to 183. Read More

Arizona licensed 27 new captive insurance companies in 2021, the most in a year for the state, with captive regulators expecting continued growth amid hardening conditions in the traditional market. The licensing of 27 new captives in 2021 increased Arizona's captive count to 149 at the end of 2021. Read More

S&P Global Ratings has maintained a stable outlook on the North American insurance services sector, citing strong economic conditions, the current insurance rate environment, and the likelihood for robust capital market and deal activity in 2022. Insurance brokers are the largest group within the sector. Read More

Don't miss the January issue of "Captive Insurance Company Reports" ("CICR"), in which captive insurance industry leaders offer their thoughts on some of the key issues and trends the captive industry is likely to experience in 2022. Read More

As the world looks to make the energy transition from high to low carbon, insurers and reinsurers will face a wide range of both challenges and opportunities, a recent report from A.M. Best suggests. The transition to a low-carbon economy will likely impact both sides of insurers' and reinsurers' balance sheets. Read More