Market News

Artex and Gallagher have introduced captive insurance and alternative risk management services in Abu Dhabi Global Market. This expansion supports the Middle East and Africa's dynamic sectors, including energy, finance, and healthcare, by providing specialized risk solutions to address increasingly complex operational risks. Read More

The Q3 2024 "Ivans Index" shows year-over-year renewal rate increases for most commercial lines, except workers compensation. Businessowners policy, general liability, and umbrella lines dipped slightly compared to Q2 2024, while other major lines saw steady rises, indicating a potential slowing in the pace of rate increases. Read More

Global commercial insurance rates fell by 1 percent in Q3 2024, marking the first quarterly decline since 2017. This was driven by increased competition in the property market, with notable regional differences in rate changes across key markets. Read More

In this interview, Kim Guerriero, a principal with Milliman, provides expert insights on the evolving cyber-insurance landscape, the growing role of captive insurance, and strategies for managing cyber risks. She also highlights the importance of strong cyber-security practices and reinsurance in addressing complex and correlated cyber threats. Read More

FERMA's Global Risk Manager Survey highlights the growing role of captive insurance in managing uninsurable risks. The findings stress the need for proactive risk management strategies to address challenges like climate change and cyber risks, urging organizations to integrate these practices into their broader corporate strategies. Read More