Market News
Regulators Focus on Cyber, Big Data, AI, and Intragroup Transactions
Insurance regulators from the United States and the European Union were joined by representatives from industry and consumer organizations to discuss challenges and opportunities related to cyber risks, the use of big data, artificial intelligence (AI), and intragroup transactions in multinational insurance groups at the 6th EU-US forum held in Luxembourg. Read More
Bermuda, Cayman, and Barbados Captives Outperform Commercial Market
Operating results among A.M. Best-rated captive insurance companies in Bermuda, the Cayman Islands, and Barbados continued to outperform the US commercial market sector in 2017, according to the latest report from the rating agency, titled "Bermuda, Cayman Islands and Barbados Captives Stay the Course." Read More
A.M. Best-Rated European Captives Are Stable, According to Report
A recent A.M. Best report describes the main rating considerations the rating agency uses for captives with European parent groups. The report shows that A.M. Best European captive ratings have been stable through the past year, with most of the ratings affirmed and their stable outlooks maintained. Read More
BDA's Economic Impact to Bermuda: $26.3 million According to PwC
A recent economic impact study provided by PricewaterhouseCoopers (PwC) findings show that the Bermuda Business Development Agency (BDA) had a direct economic impact on the island's economy of $26.3 million in 2017. Read More
IVANS: Commercial Lines Renewal Rates Continue Trending Positive
IVANS has announced the "IVANS Index: Premium Renewal Rate Index" October results. The results showed a continued increase in premium across nearly all major commercial lines except workers compensation. Read More