Market News
Risk Retention Groups Saw Significant Premium Growth in 2020
Risk retention groups' (RRGs) premium volume increased significantly in 2020, according to the Risk Retention Reporter. RRGs' gross premiums climbed to nearly $3.84 billion last year, a nearly 7.2 percent increase from 2019, when RRGs generated just over $3.58 billion in gross premiums. Read More
Gallagher To Acquire Willis Towers Watson Reinsurance Business
Willis Towers Watson (WTW) and Arthur J. Gallagher have reached an agreement for Gallagher to purchase WTW's treaty reinsurance brokerage operations. Under the agreement, Gallagher will acquire the Willis Re operations for a $3.25 billion upfront cash consideration plus an additional consideration of $750 million, subject to certain third-year revenue targets. Read More
Insurance Premiums Continued To Increase Across Most Lines in July
Year-over-year, all commercial insurance lines except workers compensation experienced an increase in average premium renewal rate in July, according to the IVANS Index, a regular premium renewal rate index compiled by the IVANS insurance exchange service. Read More
August CICR Looks at Captives as a Force for Good
Don't miss the August issue of Captive Insurance Company Reports (CICR), which offers a fascinating case study and perspective on how captive insurance can be used to change lives for the better. Read More
2021 Risk Maps Underscore COVID-19 Pandemic's Geopolitical Impact
Beyond the impacts on our everyday lives, the COVID-19 pandemic has had a significant influence on a variety of geopolitical risks, according to a new report. Among other things, the COVID-19 pandemic had an effect on terrorism, in many cases limiting it, according to Aon's "Risk Maps 2021" report. Read More