Market News
New Group Looks To Provide Single Voice for Bermuda's Captive Industry
A group of Bermuda captive insurance organizations have collaborated to create the Bermuda Captive Network, a membership-focused organization aimed at providing education, value, and effective representation for Bermuda's captive and managed insurance industry. The new entity will continue to promote Bermuda as a world-class domicile in the global risk market. Read More
Connecticut Adds to Captive Count with 13 New Formations in 2021
Connecticut licensed 13 new captive insurance companies in 2021, significantly raising the state's number of captives to 35, up from 22 in 2020 and 16 in 2019. The new licenses approved by the state were for both new captives and the redomestication of captive insurance companies from other domiciles. Read More
Stop-Loss Market Grows as Employers Shift to Self-Funded Health Plans
As more US employers have shifted to self-funded health plans to contain employee benefit costs, the stop-loss insurance segment has experienced growth of more than 10 percent in each of the past 4 years, according to an A.M. Best report. Read More
February "CICR" Looks at RRG 2021 Growth
Don't miss the February issue of "Captive Insurance Company Reports" ("CICR"), which leads off with a report on how the hard commercial market played a keyrole in risk retention group (RRG) growth in 2021, "the best year for new RRG formations since 2007." Read More
Global Insurance Prices Increased for 17th Straight Quarter in Q4
Global insurance prices increased 13 percent in the 4th quarter of 2021, the 17th consecutive quarter of price increases, according to the "Global Insurance Market Index" from Marsh. Though insurance prices continued to increase during the final 3 months of last year, a trend of moderating rate increases continued. Read More