Market News
KBRA Affirms Rating for Fidus Re Series Notes
Kroll Bond Rating Agency (KBRA) has affirmed the long-term credit rating of AA with a Stable Outlook for Fidus Re Ltd.'s Series Notes. Build America Mutual Assurance Company sponsored the issuance of variable rate notes through an offshore (Bermuda) bankruptcy remote special purpose insurer, Fidus Re Ltd. Read More
3 Lessons from the Spirit Commercial Auto RRG Failure
The recent failure of Spirit Commercial Auto Risk Retention Group (RRG) should cause the captive industry to assess what went wrong and offer solutions. In this article, we look at three lessons we've learned from the failure and offer an analysis. Read More
A Focus on Pamela Davis and Alliance of Nonprofits for Insurance RRG
We spoke with Pamela Davis, the founder, president, and chief executive officer of a group of nonprofit insurers known as the Nonprofits Insurance Alliance. This group includes the Nonprofits Insurance Alliance of California, the Alliance of Nonprofits Risk Retention Group, and a captive insurance company and a nonprofit service company. Read More
Marijuana Industry Still Faces Significant Insurance Coverage Issues
The expansion and availability of medical and legalized recreational marijuana along with future growth projections position the marijuana industry as an emerging market for insurers, according to A.M. Best. Read More
RAA Reports Improved US Reinsurer Operating Results Year over Year
The latest Reinsurance Association of America (RAA) survey reveals that a group of 17 US property-casualty reinsurers wrote $59.3 billion of net premiums during the 12 months ended December 31, 2018, compared to $45.3 billion for the same period in 2017. Read More