Market News
Analysis of the FIO Report on TRIP and Small Insurers
The Federal Insurance Office (FIO) report on the Terrorism Risk Insurance Program (TRIP) and small insurers contains several key conclusions that warrant discussion and analysis by all captives that provide some kind of terrorism cover. Read More
Rundown of Texas Law Updates Related to Insurance and Captives
During the 85th legislative session in Texas, a number of bills became law related to insurance and captives. The Texas Captive Insurance Association has produced a summary of these laws, including those coming into effect on September 1, 2017. Read More
A.M. Best-Rated Captives and Alternative Risk Profits Are Up Nearly 16%
A.M. Best has released its latest special report on the financial performance of A.M. Best-rated US captives. According to the report, A.M. Best-rated captives and other alternative risk transfer mechanisms posted excellent results in 2016, with pretax profits up by nearly 16 percent year over year. Read More
Now Open for Comment: Kroll Bond Rating Agency's Captive Insurance Methodology
Kroll Bond Rating Agency (KBRA) has released its proposed methodology for rating captive insurance companies. The quality of capital, reserving practices, leverage, reinsurance, operating fundamentals, regulatory environment, risk management, and sovereign risk are among the factors considered in KBRA's captive insurance ratings approach. Read More
Risk Retention Group Expansion: A Modest Yet Critical Proposal
A new drive is about to begin aimed at convincing Congress to pass legislation to expand the coverages risk retention groups can provide to member-owners. The legislation is expected to be similar to a measure introduced during the last congressional session that would have allowed certain risk retention groups to cover policyholders' property risks. Read More