Market News

Single-parent captive insurance companies play a vital role in reducing their parents' cost of risk, benefiting businesses and their stakeholders. The effort to address pandemic-related business interruption losses offers another opportunity for captive insurance companies to prove their merit. Read More

Captive insurance is an appealing option for providing directors and officers (D&O) insurance as corporations tackle rising premiums and reduced capacity. In a Global Captive Podcast episode, Beth Thurston, head of the Marsh UK Management Liability Practice, said using D&O in captives is a frequent topic of client conversations. Read More

North Carolina Insurance Commissioner Mike Causey says he intends to work with both state legislators and the state's captive insurance industry to further enhance North Carolina's status as a top domicile. Mr. Causey was recently reelected to a second term as insurance commissioner. Read More

The insurance-linked securities (ILS) market has demonstrated resilience despite a number of significant tests over the past 3 years, a new report suggests. More than half of reinsurance and insurance companies now use ILS capacity, according to the Willis Towers Watson report. Read More

The results of 4 major European reinsurers through the 1st 9 months of 2020 are showing that pandemic losses are beginning to fade, according to Fitch Ratings. Event cancellation coverage was the only affected business line that required major adjustments to expected claims, the rating agency said. Read More