Market News
Rising Reinsurance Prices, Tighter Conditions Attracting New Capital
Reinsurance price hikes are drawing additional capital to the market amid the fallout from the COVID-19 pandemic, according to Fitch Ratings. In the current environment, there is potential for double-digit reinsurance price increases to extend into 2021, Fitch said. Read More
Will Captives Benefit from the Hardening Market?
Conventional wisdom holds that hardening insurance and reinsurance markets benefit captive insurers, but that might not be the case this time. Here are three potential issues that could have a negative impact on captives as they look to benefit from rising commercial insurance prices. Read More
Guernsey Insurance Group Signs on to UN Green Initiative
The Guernsey International Insurance Association (GIIA) has signed on to a United Nations (UN) green program as part of its commitment to developing green and sustainable finance. The GIIA is now a supporting institution of the United Nations' Principles for Sustainable Insurance Initiative. Read More
July "CICR" Explores Captive Insurance Digital Transformation
Don't miss the July issue of "Captive Insurance Company Reports" ("CICR"), which explores the benefits of digital transformation to the captive insurance industry and the timeliness of the need to bring stakeholders together and implement technology-enabled solutions. Read More
Pro Forma Financials' Place in the Captive Formation Process
Pro forma financials are a significant part of the captive formation process and provide an assessment of the expected financial results for the proposed captive insurance company, according to Billy Onion, associate actuary, Milliman. Read More