Market News
Premiums Across Most Lines Continue Their Upward Trend in February
Year over year, nearly all lines of insurance business experienced an increase in average premium renewal rate in February, according to the February results of the "IVANS Index." The lone exception to the premium increase trend, according to IVANS, was workers compensation, which continued its negative trend. Read More
Hardening Insurance Market Sets the Stage for Captive Insurance Growth
A hardening traditional insurance market has the captive insurance market poised for growth in 2020. Speaking in a Strategic Risk Solutions (SRS) Web seminar, Brady Young, president of SRS, said captive insurance companies are showing their value in the current market environment. Read More
A.M. Best Affirms NEIL's Financial Strength and Issuer Credit Ratings
A.M. Best has affirmed the A (excellent) financial strength rating and the A+ long-term issuer credit rating of Nuclear Electric Insurance Limited (NEIL). Among the positive factors it cited in its rating were NEIL's balance sheet strength, enterprise risk management and management culture. Read More
RAA Praises US Budget Risk Transfer Amendment
The Reinsurance Association of America (RAA) is praising an amendment to a fiscal 2021 US budget document that encourages federal agencies and departments to take advantage of risk transfer options. Read More
Arkansas Statutes' Attractive Features Spur Captive Insurance Growth
The attractive features in Arkansas' captive insurance laws are a major factor in the domicile's new formations. Arkansas' captive insurer count may be small compared to some other domiciles, but on a percentage basis, it's rapidly growing. Read More