Market News

A surge in reciprocal insurance exchanges is addressing gaps in catastrophe-prone homeowners markets. These member-owned models offer control and flexibility amid insurer withdrawals. An AM Best report highlights their growth, capital structures, and performance metrics, noting their increasing role in coastal coverage and reliance on surplus notes during early operations. Read More

In the latest issue of "Captive Insurance Company Reports" ("CICR"), readers can explore the long-standing impact of the Vermont Captive Insurance Association (VCIA) and its role in shaping evolving captive insurance strategies. The article highlights governance lessons, program trends, and how associations can drive the next generation of captive growth and innovation. Read More

Florida has established the Florida Captive Insurance Association to advance captive insurance in the state. The association plans to advocate for updated regulations, engage lawmakers, and expand awareness of self-insurance solutions. With rising property and reinsurance pressures, the launch aims to position Florida as a more competitive captive domicile. Read More

Munich Re reported rising natural catastrophe exposures, sustained European reinsurance demand, and continued cyber-insurance gaps. The company referenced inflation, geopolitical volatility, and US litigation risks affecting international programs. The findings reflect climate-driven losses, evolving liability concerns, and capital trends in the European and global reinsurance markets. Read More

WTW's analysis highlights gaps in organizational artificial intelligence (AI) risk management, noting fragmented definitions and overlooked interdependencies with cyber and climate exposures. The article draws on survey results showing rising AI concerns, escalating data-breach costs, and board-level knowledge gaps, underscoring the need for integrated, enterprise-wide governance frameworks. Read More