Market News
Asia-Pacific Captive Insurance Domiciles Expected To Grow
A.M. Best expects to see a significant captive formation increase in Asia-Pacific domiciles as economies grow and businesses seek new and more sophisticated ways of risk management and control, according to the rating agency's latest report, titled "Asia-Pacific Captive Domiciles Poised for Growth." Read More
Global Commercial Insurance Prices Increase 6th Consecutive Quarter
Marsh recently released its "Global Insurance Market Index," which showed that average commercial insurance prices increased 3 percent in first-quarter 2019, the largest increase since the survey began in 2012. Read More
USA Risk Group Senior Management Team Finalizes Buyout
USA Risk Group revealed that its senior management team has completed a management buyout from Spencer Capital Holdings, which will include operations from all captive jurisdictions that USA Risk Group currently operates. Read More
US P&C Insurers Should Make Considerations for TRIPRA Expiration
The Terrorism Risk Insurance Program Reauthorization Act (TRIPRA) is set to expire at the end of 2020. According to A.M. Best, doubt exists surrounding whether TRIPRA will be extended and, if so, under what terms and conditions, particularly amid a hyperpartisan atmosphere in Congress. Read More
South Carolina Captive Industry Has Generated over $539 Million
Being one of the largest captive insurance domiciles in the United States has had a big and positive impact on the South Carolina economy, according to an academic analysis by the University of South Carolina's Moore School of Business. Read More