Market News
Reinsurance Rates Increased at Midyear, but Market May Be Settling
Reinsurance rates continued to increase for most lines and in most areas at June midyear renewals, but the market appears to be reaching equilibrium, according to a recent report from Willis Re. In some cases, reinsurers had to accept terms below their initial quotes, the report says. Read More
Guernsey Cites Recent Transactions as Examples of Innovation
Guernsey Finance is citing two recent insurance industry transactions as examples of the island's expertise and regulatory regime allowing innovation while meeting international standards. The transactions include the world's first parametric fuel price insurer and the world's first catastrophe bond covering pure volcanic eruption. Read More
Strong Second Quarter Sets Stage for Record Year for Catastrophe Bonds
The issuance of catastrophe bonds and related insurance-linked securities (ILS) reached a record $8.6 billion during the second quarter of 2021, according to a new report from Artemis. The $8.6 billion in second-quarter issuance represents the first time the market has seen quarterly issuance top $8 billion, Artemis said. Read More
Vermont Captive Formations Accelerate during First Half of 2021
With conditions tightening in the traditional market, captive insurance formations are accelerating in Vermont, the largest US captive insurance company domicile. During the first 6 months of 2021, 23 new captives were licensed in Vermont, up from 16 during the same period in 2020. Read More
July CICR Looks at Captives and ESG-Related Reputation Risk
Don't miss the July issue of Captive Insurance Company Reports (CICR), which focuses on opportunities for captive insurance to help manage and mitigate reputational risk associated with environmental, social, and governance (ESG) considerations in corporate decision-making. Read More