Market News
Lloyd's Leaving US Admitted Market To Focus on Reinsurance, E&S
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
Department of Labor ExPro Benefits Captive Review Option Still Frozen
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
New Capital Entering Insurance Market May Fuel Start-Up Class of 2020
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
Reflections on the 2020 "FERMA European Risk Manager Report"
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
Insurance Premium Increases Continue Across Major Lines during Q2
Average insurance premium renewal rates increased across major commercial insurance lines in the second quarter of 2020, compared to the same period in 2019, according to the IVANS Index, a regular premium renewal rate index compiled by IVANS. The average workers compensation premium renewal rates remained negative, however. Read More