Market News
January "CICR" Includes 2021 Insurance Industry Outlook
Don't miss the January issue of Captive Insurance Company Reports (CICR), which contains an in-depth look at the trends, challenges, and opportunities the insurance industry will face in 2021. Read More
Catastrophes Caused $83 Billion in Insured Losses in 2020: Swiss Re
Insured losses from natural and man-made catastrophes in 2020 totaled $83 billion, the fifth costliest year since 1970, according to the Swiss Re Institute. Of the total, $76 billion in insured losses resulted from natural catastrophes, a 40 percent increase over 2019. Read More
Captives Should Challenge the Status Quo To Optimize Capital
Optimizing a captive insurance company's capital structure is critical in supporting the captive's long-term success, but there are a number of factors to consider in seeking capital optimization. Factors that shape a captive's capital structure and ways to optimize it are the subject of a recent Strategic Risk Solutions webinar. Read More
Cayman Islands Reinsurers Form New Industry Association
A group of reinsurers located in the Cayman Islands has formed a new industry group, the Cayman International Reinsurance Companies Association. Founding members include Aureum Re, Barents Re, CIBC Cayman Reinsurance Ltd., Greenlight Re, Knighthead Annuity & Life Assurance Company, Nassau Re (Cayman) Ltd., and United Insurance Company. Read More
Global Insurance Market Showed Resilience to COVID-19 Pandemic in 2020
Despite considerable volatility in financial markets resulting from the COVID-19 pandemic during the first half of 2020, the global insurance market remained both financially and operationally resilient, according to the 2020 Global Insurance Market Report from the International Association of Insurance Supervisors. Read More