Market News
Best Sees Pandemic Highlighting Weaknesses in Insurers' ERM Programs
The COVID-19 pandemic underscores weaknesses in insurers’ enterprise risk management (ERM) efforts, according to a new special report from A.M. Best. The report notes that, while ERM has evolved rapidly, the pandemic has emphasized that “unknown unknowns” and “unexpected accumulations” that can affect insurers and reinsurers remain. Read More
New Captive.com White Paper Focuses on Pandemic and Captives
Captive.com and International Risk Management Institute, Inc. (IRMI), have created a special 12-page report examining the COVID-19 pandemic's implications for the captive insurance industry. The new whitepaper, “The COVID-19 Pandemic: Opportunities and Implications for Captive Insurance,” is available free to Captive Wire subscribers. Read More
October "CICR" Explores D&O Liability, Captive Taxes, COVID-19
Don't miss the October issue of "Captive Insurance Company Reports" ("CICR"), in which John Thomson, editor, provides an insightful commentary on the continued hardening of the market, the interminable COVID-19 pandemic, and the Vermont Captive Insurance Association's first-ever virtual conference. Read More
In Challenging Times, a Captive Can Provide Balance Sheet Protection
As they deal with the COVID-19 pandemic and the accompanying economic downturn, investment market volatility, and a hardening insurance market, organizations can look to their captive insurance companies to help protect their balance sheets. The captive can open up opportunities for the parent company to retain risk more economically. Read More
Fitch Removes Lloyd's from Rating Watch Negative, Affirms AA- Rating
Fitch Ratings has affirmed Lloyd's of London's insurer financial strength (IFS) rating at AA- (very strong) and removed Lloyd's from Rating Watch Negative. Fitch's outlook for Lloyd's is stable. The affirmation of the AA- IFS rating primarily reflects Lloyd's very strong business profile and capitalization and leverage, Fitch said. Read More