Market News
Guernsey Regulator Formalizes Relationship with Bank of England
The Guernsey Financial Services Commission has signed a Memorandum of Understanding with the Bank of England, reaffirming a long-held relationship between the regulator and the Bank's Prudential Regulation Authority. Through the agreement, both parties will be able to share confidential information about regulated entities and formally cooperate on supervision activities. Read More
JLTIM Papers: Deductible Buy-Back and Medical Stop-Loss Programs
Two recent papers from JLT Insurance Management reveal how captive insurance can play a role in complex risk financing situations. The papers detail how captives can play a role in deductible buy-back programs and how captive insurance can have a positive impact on medical stop-loss programs. Read More
Report Reveals Increased Captive Insurance Use for Terrorism Coverages
A recent Marsh report said that, while the number of incidents and casualties declined in 2017, the insurance marketplace continues to innovate and respond to the terrorism threat. The report found that, in 2017, the number of Marsh-managed captives with programs accessing the federal terrorism insurance backstop increased 44 percent. Read More
Risk Management Processes Not Keeping Pace with Technology
Emerging technologies continue to rapidly change the way businesses operate and interact with customers, yet risk management processes are not keeping pace with the associated risks, according to a new report published by Marsh and RIMS, the risk management society™. Read More
Risk Retention Groups Continue To Grow in Size and Importance
Even in a soft market, Risk Retention Group (RRG) have grown significantly and continue to play a vital role providing coverage to their tens of thousands of policyholder-owners. At the end of March 2018, 228 RRGs were doing business, up from just 100 in 2003, according to the Risk Retention Reporter. Read More