Market News

Howden's 2025 report reveals cyber attacks cost Germany, France, Italy, and Spain €307 billion since 2020. Despite high losses, over 70 percent of businesses lack cyber insurance. The report highlights cost-saving benefits of coverage and improved cyber hygiene, urging insurers to expand protection in underserved European markets amid falling rates. Read More

Sam Komo, captive manager with the Missouri Department of Commerce and Insurance, said Missouri is proactively addressing emerging risks in captive insurance. The state engages early with industries such as property, cannabis, and artificial intelligence-driven businesses, adapting regulatory interpretations and legislation to position Missouri captives for long-term success in a changing market. Read More

Augment Risk and Cohen & Company formed a joint venture to connect insurers with insurance-lined securities capacity, blending traditional reinsurance and capital markets. The initiative enhances placement speed, security, and portfolio diversification, focusing initially on the United States, Bermuda, and Europe with plans for broader expansion as market demand increases. Read More

Don't miss the October issue of "Captive Insurance Company Reports" ("CICR"), which explores the creation of the Iowa captive insurance domicile and the formation of its first captive. Discover what is planned for the Iowa captive domicile's future growth and development. Read More

Boards of directors are central to captive insurance governance, balancing compliance, financial oversight, and risk strategy. Requirements differ across domiciles: Vermont mandates a resident director, Cayman applies fit-and-proper standards, Bermuda requires a principal representative, and Delaware offers flexibility. Strong boards safeguard solvency and align captives with long-term objectives. Read More