Market News
IVANS: Commercial Lines Renewal Rates Increased Last Quarter
The "IVANS Index: Premium Renewal Rate Index" year-end 2018 results for the fourth quarter showed an increase in the premium renewal rate change average across nearly all major commercial lines compared to the third quarter; however, the workers compensation average premium renewal rate change dropped and remained in negative territory. Read More
Cyber Risks a Top-Level Concern for European Risk Managers
Findings from the World Economic Forum's (WEF) "Global Risks Report 2019" were published this month. While rising cyber dependency trended high in terms of near-term risks, environmental risks dominated respondents' long-term concerns, according to the WEF. Read More
Bermuda Re/Insurers Remain Resilient in Challenging Market Conditions
Bermuda-based re/insurers continue to be tested by challenging market conditions, including heightened catastrophic losses and diminishing competitive advantage resulting from US tax reform, according to Fitch Ratings. Read More
First Affiliated Reinsurance Company Formed in Vermont
Less than a year after Vermont passed legislation establishing a new type of captive structure, the state licensed its first affiliated reinsurance company, MAPFRE RE Vermont Corporation. Read More
Captive Formations Continue as Soft Market Persists
Even as soft conditions persist in the commercial market, captive insurance company formations are continuing. Get the latest updates on captive formations on Captive.com! Read More