Market News
Survey Finds Market Conditions Leading to More Captive Formations
Amid tightening conditions in the commercial insurance market, more organizations are forming captive insurance companies, according to a new Marsh LLC survey. That increase in captive formations comes amid a surge in the amount of business funded in 2019 through captives. Read More
Insurance, Business Leaders Address Federal Pandemic Backstop Issue
Insurance industry representatives joined business stakeholders last week in addressing the need for a federal solution to addressing pandemic risks during a roundtable discussion hosted by the sponsor of federal pandemic risk backstop legislation. Rep. Carolyn B. Maloney (D-NY) sponsored HR 7011, the Pandemic Risk Insurance Act. Read More
The Pandemic's Impact on Captives' Short-Range Planning
Numerous reports and articles have examined the pandemic's impact on short-range planning. Here's a look at how those impacts might apply to captives with a recognition that 2021 promises to have the ability to upend the best-crafted business plans. Read More
Captives Advised To Remain Composed in Post-Pandemic Investment Market
The COVID-19 pandemic has had a major impact on insurers' investment activities, an impact that applies to captive insurance companies as well. In this environment, captives are advised to remain composed, not make rash investment decisions, understand lessons the event has provided, and stay close to their core strategies. Read More
Most Commercial Lines Experienced Premium Increases in August
All commercial insurance lines except workers compensation experienced increases in year-over-year average premium renewal rates in August, according to the August IVANS Index, a regular premium renewal rate index compiled by the IVANS insurance exchange service. Workers compensation saw a negative change in premium renewal rate year-over-year. Read More