Market News
Global Insured Losses from Natural Disasters Top $102B, Aon Reports
Aon's third-quarter 2024 report reveals $102 billion in insured global natural catastrophe losses, with total losses likely to surpass 2023 levels. The United States saw 26 billion-dollar events, while Canada experienced record insurance losses. Global reinsurer capital is expected to grow despite significant recent disasters. Read More
November "CICR" Considers Captive Insurance in India
The November "Captive Insurance Company Reports" ("CICR") issue dives into the transformative potential of captive insurance in India, advanced fraud prevention tech, strategies for the hardening property market, and insights from recent industry webinars. Read More
Your 6-Step Plan to Captive Optimization
Spring Consulting recommends regular refeasibility studies for captive insurance to align with shifting risk profiles and regulations. By reviewing performance and financing strategies, captives can continue to meet organizational goals efficiently, ensuring their structure remains relevant and sustainable in an evolving risk landscape. Read More
WTW's "Insurance Marketplace Realities 2025": Evolution through Incremental Change
The "Insurance Marketplace Realities 2025" report explores trends in captive insurance, alternative risk transfer, and key coverages like health care, construction, and cyber liability. This overview highlights emerging risks, market shifts, and innovative solutions reshaping the insurance landscape for complex and multiline exposures. Read More
African Risk Capacity Ltd. Appoints Gallagher Re for Parametric Climate Solutions
African Risk Capacity Ltd. has appointed Gallagher Re as its reinsurance broker to manage climate risks across Africa. The partnership emphasizes parametric solutions and alternative risk transfer, combining traditional and innovative risk strategies to support resilience initiatives and financial security for countries facing climate impacts. Read More