Market News

Delaware continues to enjoy strong captive growth, with the domicile licensing 70 new captive insurance companies in 2021, the same number of formations as in 2020. Delaware regulators indicated they expect that captive growth to be even greater this year. Read More

While A.M. Best is anticipating a 2021 underwriting loss for the US property-casualty insurance industry, the rating agency said insurers' solid risk-adjusted capitalization and persistent underwriting and pricing discipline allowed the industry to limit losses and generate surplus growth. Read More

Saying it expects partnerships between traditional insurance companies and InsurTechs to increase, Fitch Ratings said successful collaborations with InsurTechs could allow insurance companies to adopt the latest technology more quickly, reduce expenses, improve distribution, and enhance customer retention. Read More

While global digitalization and interconnectedness have increased dramatically as organizations responded to the COVID-19 pandemic, so have cyber risks, making it essential that organizations develop cyber resilience. As organizations confront cyber perils, however, there are significant cyber-security perception gaps between organizations' information security executive and their business executives. Read More

Current high levels of inflation occurring as the world emerges from the COVID-19 pandemic could weaken reinsurance companies' credit profiles if they persist, according to a recent report from Fitch Ratings. The most affected reinsurance businesses include long-tail lines such as general liability, medical malpractice, and workers compensation. Read More