Market News
Demotech Releases Third Quarter 2018 Financial Analysis of RRGs
Demotech has released its "Analysis of Risk Retention Groups-Third Quarter 2018," reporting on the overall financial performance of Risk Retention Group (RRG). Douglas Powell, Demotech's senior financial analyst, has concluded that "RRGs have a great deal of financial stability and remain committed to maintaining adequate capital to handle losses." Read More
KBRA Assigns A Rating to Hamilton Re
Kroll Bond Rating Agency (KBRA) assigned an insurance financial strength rating of A to Hamilton Re, Ltd. (Hamilton Re), a Bermuda, Class 4 property-casualty reinsurer. KBRA also assigned an issuer rating of BBB+ to Hamilton Insurance Group, Ltd., the Bermuda-based holding company for Hamilton Re. Read More
Captive Insurers Allowed 18 Months To Self-Report to Washington State
Washington State Insurance Commissioner, Mike Kreidler, has offered captive insurance companies that have "unlawfully" insured any risk in Washington State in the past 15 years the chance to pay a substantially reduced fine and premium tax penalty for self-reporting this activity. Read More
NACD Report: "Adaptive Governance: Board Oversight of Disruptive Risks"
A new report from the National Association of Corporate Directors (NACD) looks at disruptive risk and proposes a methodology for dealing with the problem. We offer some analysis of the report and explain how the recommendation concerning adaptive governance is similar to our prior discussions of generative thinking. Read More
NAIC Property-Casualty Profitability Report by Line by State Released
The National Association of Insurance Commissioners (NAIC) released its "Report on Profitability by Line by State in 2017." The report estimates and allocates profitability in property-casualty insurance on a countrywide basis by state and by insurance line and can be utilized in further analysis of competition and market performance. Read More