Market News
FERMA Recommends Nonfinancial Reporting as a Regular Business Process
The Federation of European Risk Management Associations (FERMA) has recommended to the European Commission that companies should report nonfinancial matters such as environmental and social performance as a regular business process and that reporting risks connected with nonfinancial elements should be aligned with the organization's objectives. Read More
The NAIC To Establish Cannabis Insurance Working Group
The National Association of Insurance Commissioners (NAIC) will establish a Cannabis Insurance Working Group to address the issue of insurance availability for the legalized cannabis industry. The group will work to better understand where insurance coverage gaps exist and to develop best practices for state insurance regulators. Read More
Labuan IBFC, Leading Asian Captive Domicile
Labuan International Business and Financial Center (Labuan IBFC) approved four captive insurers in the first half of the year, and the domicile reports that it leads the Asian region in captive formations over the last year. Read More
A.M. Best-Rated Captives Show Strong Performance Despite Reduced Profit
A.M. Best has released its latest special report on the financial performance of A.M. Best-rated US captives. According to the report, Best-rated captives remained exceptionally strong in 2017 and continued to outperform their counterparts in the commercial casualty sector despite pretax profit decline of nearly 18 percent. Read More
KBRA Releases Rating Report for Watford, an Arch Partner
Kroll Bond Rating Agency (KBRA) has released its rating report for Watford Holdings. Watford is a total return global re/insurer that combines underwriting medium- to long-tail casualty risks with an investment strategy focused on noninvestment grade credit assets to generate attractive operating returns. Read More