Market News
Insurance Prices Increased 20 Percent in 3rd Quarter: Marsh
Global commercial insurance prices increased 20 percent in the 3rd quarter of 2020, according to the Global Insurance Market Index compiled by Marsh. Marsh said the increase was the largest since the index was launched in 2012 and it follows year-over-year average increases of 19 percent in the 2nd quarter. Read More
AIR Estimates Hurricane Zeta Insured Losses at Up to $3.5 Billion
Catastrophe risk modeling firm AIR Worldwide estimates that insured losses to onshore property resulting from Hurricane Zeta's wind and storm surge will range from $1.5 billion to $3.5 billion. AIR said that at landfall Zeta was a high-end Category 2 storm with 1-minute sustained wind speeds of 110 mph. Read More
Demotech Second Quarter 2020 Analysis Finds RRGs Remain Financially Stable
Risk retention groups’ (RRGs) assets and surplus increased in the second quarter of this year relative to the same period last year, as the alternative risk transfer vehicles continue to provide specialize coverage to their insureds while remaining financially stable, according to a new analysis from Demotech, Inc. Read More
AHT Insurance Introduces Specialty Captive Insurance Program Offering
Brokerage and consulting firm AHT Insurance has added specialty captive insurance programs to provide solutions for companies' insurance needs. AHT now offers consulting and formation of single-parent captives, segregated cell captives, risk retention groups, and micro-captives for clients for whom the captive insurance approach is appropriate. Read More
November "CICR" Anticipates the Captive Insurance Market Future
Don't miss the November issue of "Captive Insurance Company Reports" ("CICR"), and see what a panel discussion during the Vermont Captive Insurance Association 2020 Virtual Annual Conference anticipates the captive insurance market will look like in the year 2025. Read More