Market News
Captive Insurance Is a Strategic Tool for Managing Hospital Cyber Risk
In a recent interview, Cleveland Clinic's Executive Director of Enterprise Risk and Insurance, Charles Kolodkin, and Clearwater Compliance's CEO, Bob Chaput, discuss steps in developing a hospital cyber risk management strategy and share how captive insurance companies prove to be critical in the ongoing effort to manage and reduce cyber risk. Read More
RAA Reports US Reinsurers Close 2017 with Deteriorated Combined Ratio
A Reinsurance Association of America (RAA) survey of reinsurers' statutory underwriting results reveals the combined ratio for a group of 18 US property and casualty reinsurers was 108.2 percent during the 12 months that ended December 31, 2017, deteriorating from the 95.2 percent combined ratio reported for the same period in 2016. Read More
Guernsey Finance Strengthens Hong Kong Presence with New Appointment
Guernsey Finance, the promotional agency for the island's finance industry, has announced that its dedicated Hong Kong presence is paying dividends as it appoints a permanent Hong Kong representative, Dorothy Kwok. Read More
Guernsey Captive Insurer To Cover Complex Litigation and Arbitration
Guernsey-based arbitration and litigation finance provider Burford Capital will establish its own insurance company, Burford Worldwide Insurance, in Guernsey to offer legal finance clients a new insurance product to address adverse costs risk for the larger complex commercial litigation and arbitration market. Read More
NAIC Releases 2017 Property-Casualty Insurer Market Share Data
The National Association of Insurance Commissioners (NAIC) recently released data on property-casualty insurers. The data include market share information indicating the degree of market concentration in lines of business and identify leading insurance writers. The 2017 market share data include countrywide direct written premium for the top 25 insurers. Read More