Market News
October "CICR" Explores D&O Liability, Captive Taxes, COVID-19
Don't miss the October issue of "Captive Insurance Company Reports" ("CICR"), in which John Thomson, editor, provides an insightful commentary on the continued hardening of the market, the interminable COVID-19 pandemic, and the Vermont Captive Insurance Association's first-ever virtual conference. Read More
In Challenging Times, a Captive Can Provide Balance Sheet Protection
As they deal with the COVID-19 pandemic and the accompanying economic downturn, investment market volatility, and a hardening insurance market, organizations can look to their captive insurance companies to help protect their balance sheets. The captive can open up opportunities for the parent company to retain risk more economically. Read More
Fitch Removes Lloyd's from Rating Watch Negative, Affirms AA- Rating
Fitch Ratings has affirmed Lloyd's of London's insurer financial strength (IFS) rating at AA- (very strong) and removed Lloyd's from Rating Watch Negative. Fitch's outlook for Lloyd's is stable. The affirmation of the AA- IFS rating primarily reflects Lloyd's very strong business profile and capitalization and leverage, Fitch said. Read More
Reinsurance Sector Faces Challenges but Is Positioned To Address Them
The global reinsurance industry clearly faces a number of significant headwinds, but offsetting positives justify a stable outlook for the sector, according to A.M. Best. Among the challenges confronting the reinsurance industry is uncertainty over potential COVID-19-related reinsurance losses from specialty insurance classes. Read More
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