Market News
Global Insurance Market Showed Resilience to COVID-19 Pandemic in 2020
Despite considerable volatility in financial markets resulting from the COVID-19 pandemic during the first half of 2020, the global insurance market remained both financially and operationally resilient, according to the 2020 Global Insurance Market Report from the International Association of Insurance Supervisors. Read More
Best Finds Captives Outperforming Commercial Casualty Market
Captive insurance companies in Bermuda, the Cayman Islands, and Barbados rated by A.M. Best outperform their counterparts in the commercial casualty insurance sector, according to the rating agency. Meanwhile, 2019 pretax operating income for this group of captives was the highest ever recorded, according to A.M. Best. Read More
Management Services International Announces Promotions, New Hires
While 2020 has been a tumultuous year for most everyone, Management Services International (MSI) has helped save businesses during the pandemic by providing tailored coverages and finding the right business solutions. Now, MSI is growing. MSI, a captive manager providing services to clients nationwide, prides itself on its customer service. Read More
International Paper Relocates Captive to Tennessee from Vermont
Corporate giant International Paper Co. has moved its captive insurance company to Tennessee from Vermont to become, including cell captives, Tennessee's 700th captive insurance company. The relocation of International Paper's captive insurance company to Tennessee was applauded by the state's governor. Read More
Reputational Risk a Growing Threat to Organizations' Value
A new report from Lloyd's suggests that a massive amount of corporate value is exposed to reputational risks, with any major adverse event affecting an organization potentially causing reputational damage. Corporate brand and reputation account for 25.3 percent of the market capitalization of the world's leading equity market indexes. Read More