Market News
Strong Second Quarter Sets Stage for Record Year for Catastrophe Bonds
The issuance of catastrophe bonds and related insurance-linked securities (ILS) reached a record $8.6 billion during the second quarter of 2021, according to a new report from Artemis. The $8.6 billion in second-quarter issuance represents the first time the market has seen quarterly issuance top $8 billion, Artemis said. Read More
Vermont Captive Formations Accelerate during First Half of 2021
With conditions tightening in the traditional market, captive insurance formations are accelerating in Vermont, the largest US captive insurance company domicile. During the first 6 months of 2021, 23 new captives were licensed in Vermont, up from 16 during the same period in 2020. Read More
July CICR Looks at Captives and ESG-Related Reputation Risk
Don't miss the July issue of Captive Insurance Company Reports (CICR), which focuses on opportunities for captive insurance to help manage and mitigate reputational risk associated with environmental, social, and governance (ESG) considerations in corporate decision-making. Read More
Survey Finds Most US Employers Won't Require Employee Vaccinations
While US employers continue to encourage employees to get the COVID-19 vaccination, most don't plan to require employees to be vaccinated, according to a recent survey by Willis Towers Watson (WTW). WTW found that 72 percent of the employers said they will not or do not plan to require vaccination. Read More
Customer Data Theft a Growing Threat to US Health Insurance Industry
The theft of customer data by cyber criminals is a growing threat to US health insurers and the related third parties with which they do business, according to Fitch Ratings. But the possession of that data makes insurers a popular target for phishing, ransomware, or man-in-the-middle attacks, Fitch said. Read More