Market News

There is a long history of organizations using captive insurance companies to enhance their global risk management strategies. From a risk management and regulatory perspective, proper coordination of a global insurance program is vital for the overall organization. Steven Bauman of AXA XL explains in this new Captive Thought Leader video. Read More

Lloyd's of London will relinquish its admitted market licenses in the United States as part of a plan to strengthen its focus on the US reinsurance and excess and surplus (E&S) markets. Lloyd's will give up its admitted licenses in Illinois, Kentucky, and the US Virgin Islands. Read More

While the US Department of Labor (DOL) has not yet reinstated a regulatory procedure that enabled employers to obtain a speedy DOL review of their plans to use their captive insurance companies to fund employee benefits, they can, for regular review, use guidance that the DOL released last year. Read More

Market dislocation resulting from the economic impact of the COVID-19 pandemic is creating opportunities for insurers in some lines of business and attracting capital to the industry, according to a new report from A.M. Best. The new capital is raising the possibility of an insurance industry start-up "Class of 2020." Read More

This article takes a look at some of the key findings and themes of the Federation of European Risk Management Associations (FERMA) 2020 "European Risk Manager Report." The analysis includes a look at survey findings concerning the use of captive insurance companies by European organizations. Read More