Market News
Captive Insurers Allowed 18 Months To Self-Report to Washington State
Washington State Insurance Commissioner, Mike Kreidler, has offered captive insurance companies that have "unlawfully" insured any risk in Washington State in the past 15 years the chance to pay a substantially reduced fine and premium tax penalty for self-reporting this activity. Read More
NACD Report: "Adaptive Governance: Board Oversight of Disruptive Risks"
A new report from the National Association of Corporate Directors (NACD) looks at disruptive risk and proposes a methodology for dealing with the problem. We offer some analysis of the report and explain how the recommendation concerning adaptive governance is similar to our prior discussions of generative thinking. Read More
NAIC Property-Casualty Profitability Report by Line by State Released
The National Association of Insurance Commissioners (NAIC) released its "Report on Profitability by Line by State in 2017." The report estimates and allocates profitability in property-casualty insurance on a countrywide basis by state and by insurance line and can be utilized in further analysis of competition and market performance. Read More
Fitch Ratings: US P&C Insurers' Profitability Rebounds in 2018
After a difficult 2017, a notable rebound by US property and casualty (P&C) insurers this past year has led Fitch Ratings to revise its fundamental sector outlook to stable from negative, according to Fitch's 2019 outlook report. Read More
Bermuda Accounted for $3.6 Billion of ILS Issued during Second Quarter
According to the latest "Bermuda Insurance-Linked Securities (ILS) Market Report," for the second quarter of 2018, the island remained the leading jurisdiction for ILS issuance, representing 73.2 percent of the global outstanding ILS capacity at the end of the quarter ($26 billion of $35.5 billion total global capacity). Read More