Market News
Fitch: Tax Reforms Reduce Advantage of Reinsuring US Risks to Bermuda
US tax reforms are credit negative for the Bermuda re/insurance market, Fitch Ratings said. The cut in the US corporate tax rate and a new tax on premiums ceded by US insurers to foreign reinsurers will reduce the tax advantage of reinsuring US risks to Bermuda and other international reinsurers. Read More
Alternative Market Alters Reinsurance Renewal Pricing, According to Fitch
The reinsurance underwriting cycle may finally have turned, but price rises look modest despite large catastrophe losses in 2017, suggesting that the cycle may have become flatter, according to a Fitch Ratings report. Fitch believes the growth of the alternative capital sector has altered reinsurance market dynamics. Read More
"IVANS Index" Provides Fourth-Quarter and 2017 Year-End Results
December's "IVANS Premium Renewal Rate Index" findings show a slight uptick in premium renewal rate change average across commercial auto, businessowner's policy, general liability, and commercial property compared to third quarter. December's report also includes IVANS overall year-end 2017 results. Read More
Group Rental Captive Insurer Launched for Towing and Recovery Industry
The first group rental captive insurer designed exclusively for the towing and recovery industry, TowCap Premier, has been launched by National Interstate Insurance Company, a leading specialty property and casualty transportation insurer. Read More
Martin & Company Adds Employee Benefits Consulting Division
Martin & Company, an industry provider of consulting and regulatory services to the property and casualty, life and health, and captive insurance markets, recently created an Employee Benefits Consulting division and has also expanded its Life, Accident & Health department. Read More