Market News

With emerging risks and new technologies, the captive insurance and the broader insurance industries were already experiencing significant pressure to change before the COVID-19 pandemic. A session at the Vermont Captive Insurance Association's 2020 Virtual Conference examined how the pandemic and emerging risks promise to accelerate many of those changes. Read More

The insurance-linked securities (ILS) market saw nearly $6.8 billion in new issuance during the first half of 2020, up from $5.5 billion during the period last year, according to a market update from Swiss Re. First-half issuance included a record-breaking nearly $4 billion in first-quarter issuance. Read More

Cyber risks are increasing, and organizations shouldn’t assume that risk transfer will solve their cyber-risk issues, according to one expert speaking at last week’s Vermont Captive Insurance Association (VCIA) Virtual 2020 conference. Insurance is an important part of managing cyber risks, but organizations must take other steps as well. Read More

While the number of Risk Retention Group (RRG) has declined in recent years, experts predict a resurgence of RRG formations as conditions tighten and premiums jump in the traditional insurance market. RRGs, unlike other captives, can do business in any state after meeting the licensing requirements of just one state. Read More

The first-half 2020 results of four major European reinsurers revealed considerable pandemic-related claims, although the reinsurers' capital remained resilient, according to Fitch Ratings. The rating agency said the reinsurers' credit fundamentals were mostly in line with its assessment at the beginning of the pandemic, although pandemic-related losses were larger than anticipated. Read More