Market News
AMERIND: A Cell Captive in Operation
A synopsis of how a Native American-owned and -operated corporation created a cell captive structure to expand and enhance its business. The article outlines what each of the cells provides and why they were created. Read More
NAIC 2018 Property-Casualty Insurer Market Share Data Show Growth
The National Association of Insurance Commissioners (NAIC) has released the complete 2018 "Market Share Reports for Property/Casualty Groups and Companies By State and Countrywide." This includes detailed information on market share and loss ratios for property-casualty companies by specific line of business for the top 125 groups and companies. Read More
Demotech Releases First Quarter 2019 Financial Analysis of RRGs
Demotech has released its "Analysis of Risk Retention Groups-First Quarter 2019," which reports on the overall financial performance of risk retention groups. The rating company's senior financial analyst, Douglas Powell, has concluded that risk retention groups "continue to collectively provide specialized coverage to their insureds while remaining financially stable." Read More
US Property and Casualty Industry's Net Income Increased 69 Percent
The year-end 2018 statutory filings for the US property-casualty industry showed a year-over-year 69 percent increase in net income to $59.2 billion in 2019, owing to lower losses from catastrophic events, favorable development of prior years' loss reserves, and higher net investment income. Read More
Key Industry Leaders Will Support Future Lloyd's Strategy
Lloyd's has formed global and London advisory committees to support its strategy toward "nimbler and faster [offerings] … supported by technology, innovation, and flexible, responsive capital." Members of the advisory committees include global insurance industry heavyweights. Read More