Market News
Europe's Increased Captive Interest Is No Surprise: Laurent Nihoul
Laurent Nihoul, group head of insurance at ArcelorMittal and a Federation of European Risk Management Associations (FERMA) board member leading on captive initiatives, hopes European companies have not waited too long to form captive insurance companies in the hardening insurance market. Read More
Captives, Traditional Insurers Will Evolve with Risks, Technology
With emerging risks and new technologies, the captive insurance and the broader insurance industries were already experiencing significant pressure to change before the COVID-19 pandemic. A session at the Vermont Captive Insurance Association's 2020 Virtual Conference examined how the pandemic and emerging risks promise to accelerate many of those changes. Read More
Despite COVID-19, ILS Market Sees $6.8 Billion in First-Half Issuance
The insurance-linked securities (ILS) market saw nearly $6.8 billion in new issuance during the first half of 2020, up from $5.5 billion during the period last year, according to a market update from Swiss Re. First-half issuance included a record-breaking nearly $4 billion in first-quarter issuance. Read More
Cyber Insurance Is Just Part of the Process in Addressing Cyber Risk
Cyber risks are increasing, and organizations shouldn’t assume that risk transfer will solve their cyber-risk issues, according to one expert speaking at last week’s Vermont Captive Insurance Association (VCIA) Virtual 2020 conference. Insurance is an important part of managing cyber risks, but organizations must take other steps as well. Read More
Hard Market Could Fuel Wave of New Risk Retention Group Formations
While the number of Risk Retention Group (RRG) has declined in recent years, experts predict a resurgence of RRG formations as conditions tighten and premiums jump in the traditional insurance market. RRGs, unlike other captives, can do business in any state after meeting the licensing requirements of just one state. Read More