Market News
InsurTech Cowbell Cyber Forms Captive To Meet Cyber-Coverage Demand
Cyber-insurance provider Cowbell Cyber has formed a Vermont-domiciled captive insurance company to help the company meet the growing demand for cyber insurance. The InsurTech firm uses artificial intelligence to assist in risk selection and pricing as it underwrites cyber-insurance coverage for small-to-medium enterprises. Read More
South Carolina Licensed 21 New Captive Insurance Companies in 2021
Amid tightening conditions in the traditional commercial insurance market, South Carolina licensed a large number of new captive insurance companies in 2021. South Carolina licensed 21 captive insurance companies in 2021, bringing the state's total number of captives to 183. Read More
Arizona Licensed State-Record 27 New Captives in 2021
Arizona licensed 27 new captive insurance companies in 2021, the most in a year for the state, with captive regulators expecting continued growth amid hardening conditions in the traditional market. The licensing of 27 new captives in 2021 increased Arizona's captive count to 149 at the end of 2021. Read More
S&P Maintains Stable Outlook on North American Insurance Services
S&P Global Ratings has maintained a stable outlook on the North American insurance services sector, citing strong economic conditions, the current insurance rate environment, and the likelihood for robust capital market and deal activity in 2022. Insurance brokers are the largest group within the sector. Read More
January "CICR" Looks at Captive Insurance Year Ahead
Don't miss the January issue of "Captive Insurance Company Reports" ("CICR"), in which captive insurance industry leaders offer their thoughts on some of the key issues and trends the captive industry is likely to experience in 2022. Read More