Market News
Redomestications and Home State Moves Benefit Some US Captive Domiciles
While many US states, amid such factors as a continued soft commercial market and merged companies with captives consolidating their captives, saw little, if any, growth in 2018 in the number of captive insurance companies as the closure of captives exceeded newly licensed captives, there were some notable exceptions. Read More
Commercial Auto Group Captives Set To Form in Canada
In an effort to combat commercial auto trends in Canada, eCaptiv and a group of independent insurance brokers will form two group captives. Read More
Intelligence Sharing Across Organizations Next Step in Cyber Security
AON recently released a cyber risk report describing the greatest cyber-security threats and challenges now faced by organizations. The report considers that as companies continue to use technology to speed up the transfer of information, they create game-changing business opportunities as well as increased cyber risk. Read More
Global Employee Benefits in Captives Increasing
While only a sliver of captive insurance companies fund their parents' employee benefit risks, the number is growing as more companies understand the advantages of that approach, experts say. Read More
Bermuda Runoff Reinsurer Premia Re A- Rating Affirmed by KBRA
Kroll Bond Rating Agency (KBRA) has affirmed the financial strength rating of A- of Premia Reinsurance Ltd., a Class 4 Bermuda specialty reinsurer focused on acquiring nonlife runoff liabilities. KBRA believes its sound capitalization is sufficient to support the company's planned acquisition strategy of runoff liabilities in the medium term. Read More