Market News

Artex is launching a rent-a-captive solution designed for the transportation industry. Artex said Transportation Owners Protection Insurance Cell will offer participants such advantages as underwriting profit, in addition to unbundled claims handling, loss control, and claims advocacy services. Read More

Willis Towers Watson has launched a group captive solution designed for upper middle-market companies. Homestead Insurance Company Incorporated Cell will reinsure The Hartford, which will issue admitted insurance policies to members selected for the group captive program. Read More

Milliman Inc. has acquired health technology startup healthIO and launched Milliman healthIO, a combination of Milliman's predictive health analytics and healthIO's preventive health technology. Milliman said the product offering aims to make health care preventive, predictive, and participative. Read More

As insurance markets continue to harden, many businesses are considering captive insurance companies as an option to address some of their risks. Before taking the step, however, it's important to consider whether a captive is the right fit and, if so, what sort of captive structure is most appropriate. Read More

US commercial insurance prices increased significantly in the first quarter of the year, with the aggregate price change reported by insurers exceeding 6 percent for the second consecutive quarter, according to Willis Towers Watson's Commercial Lines Insurance Pricing Survey (CLIPS). Read More