Market News
KBRA Comments on June-July Reinsurance Renewals
Kroll Bond Rating Agency (KBRA) found the property catastrophe reinsurance renewals among its rated property-casualty companies were in line with expectations for the June-July period. Read More
Captive Industry Financially Strong Amid Competitive Commercial Market
Even amid a highly competitive traditional commercial market, the captive insurance company industry financially remains very strong, according to a new A.M. Best Co., Inc., report. Read More
InsurTech Investment Robust Second Quarter with Slow Evolution
InsurTech investment worldwide continued at high levels during the second quarter of 2019, according to Willis Towers Watson, marking the fourth consecutive quarter during which total new funding commitments exceeded $1.2 billion. Read More
IBM Study Shows Data Breach Financial Impact Felt for Years
IBM Security released its annual study examining the financial impact of data breaches on organizations. According to the report, the cost of a data breach has risen 12 percent over the past 5 years and now costs $3.92 million on average. Read More
Karin Landry: Captives Are the Whiteboard of the Insurance Industry
Karin Landry of Spring Consulting Group discusses the advantages of funding employee benefits in a captive insurance company, the status of a US Department of Labor (DOL) freeze on captive benefit funding applications seeking rapid DOL review, and future growth of captive benefit funding. Read More