Market News
Chinese Reinsurer Formed in Guernsey, Europe's Top Captive Domicile
Chinese reinsurer Brilliant Reinsurance Limited has formed as Guernsey's first Chinese insurance company, providing further proof of the growing connection between Guernsey's insurance industry and China's business sector. Alternative Risk Management, an independent insurance manager, will manage Brilliant Reinsurance's retroceded business from the Lloyd's of London re/insurance market. Read More
KBRA's Unique Global Captive Insurer Rating Methodology
For captive insurers struggling to determine whether it makes sense to secure a financial rating, there is now a new option. Kroll Bond Rating Agency (KBRA) recently released its new Global Captive Insurer Rating Methodology. Carol Pierce shares her thoughts on the new methodology. Read More
Pricing Improvement Expected for P&C Insurance and Reinsurance
Prices in non-life insurance and reinsurance are expected to increase, according to Swiss Re. The multiple large natural catastrophe events that occurred in the second half of 2017 have drained capital from the property-casualty sector. Simultaneously, prices have been low, having fallen substantially over the past several years. Read More
A.M. Best Projects Combined Ratio for Global Reinsurance
An A.M. Best briefing projects an estimated combined ratio of 110 percent for its composite of global reinsurers, with return on equity ranging from 0 percent down to -5 percent. The last time the global reinsurance composite reported a combined ratio above 100 percent was in 2011. Read More
"Cyber Insurance for Healthcare Market Survey" Now Available
International Risk Management Institute, Inc. (IRMI), has released the "Cyber Insurance for Healthcare" issue of The Betterley Report. This new report provides an overview of the market conditions and coverage trends related to cyber and privacy insurance for healthcare organizations. Read More