Market News
December "CICR" Reflects on In-Person CICA Event
Don't miss the December issue of "Captive Insurance Company Reports" ("CICR"), in which Dan Towle, president of the Captive Insurance Companies Association (CICA), recaps CICA's recent in-person Fall Forum. Read More
Alberta Becomes Second Canadian Province To Allow Captive Insurance
Alberta lawmakers have given final approval to legislation to allow the formation of captive insurance companies in the Canadian province. Alberta government officials earlier said that the legislation is needed to help businesses get insurance coverage at a lower cost compared to the traditional market. Read More
For Many Companies, Group Captives Offer the Benefits of Partnership
For some businesses, among the many benefits of participating in a group captive are the opportunities that come from partnering with like-minded organizations. Group captive members can learn from one another, push one another to improve safety, and potentially find joint venture opportunities. Read More
Insurance Premiums Increased for 16th Consecutive Quarter in Q3
Commercial property and casualty insurance premiums increased for the 16th consecutive quarter during the third quarter of 2021, according to the Council of Insurance Agents and Brokers (CIAB). According to the CIAB's Commercial Property/Casualty Market Index, prices increased 8.9 percent across all account sizes. Read More
Best Report Finds Captives Continuing To Outperform Commercial Market
Despite the impacts of the COVID-19 pandemic, rated captive insurance companies in Bermuda, the Cayman Islands, and Barbados continue to outperform US commercial casualty insurers, according to A.M. Best. The group of captive insurance companies saw net earned premium growth of 11 percent in 2020, Best said. Read More