Market News
Milliman To Redesign Nationwide Rating Plan for NFIP
The Federal Emergency Management Agency (FEMA) has selected Milliman, Inc., to provide actuarial consulting services to redesign flood insurance products across the National Flood Insurance Program (NFIP). Milliman will provide state-of-the-art tools, technology, and analysis to FEMA in order to design a new rating plan for NFIP policies nationwide. Read More
Harvey, Irma, and Maria's Impact on the Alternative Capital Market
Over the course of 4 weeks late in the summer of 2017, Hurricanes Harvey, Irma, and Maria brought dangerous and immensely destructive conditions to a wide swath of the Caribbean and continental United States. Aaron Koch of Milliman surveys the damage and discusses impact for the alternative capital market. Read More
Bermuda Delineates Fact from Fiction in Answering ICIJ Reports
Recent reports from the International Consortium of Investigative Journalists (ICIJ) expose the names of people and companies behind what it alleges are "secret offshore structures" that, in some cases, are used to reduce or avoid taxes. Bermuda has responded to the ICIJ reports to delineate fact from fiction. Read More
CICA and Butler University Partner To Support the Captive Industry
The Captive Insurance Companies Association (CICA) and Butler University will collaborate on a professional development partnership. The alliance will help students learn about the depth and variety of career opportunities in captive insurance while giving captive leaders insights on how to make captive careers appealing to young professionals. Read More
Global Cyber Liability and Captive Insurance
The 2017 Bermuda Captive Conference panel titled "Impact of Cyber and Emerging Technology Risks for Captive Insurers, Insurance Solutions and Latest Risk Developments" focused on various facets of the global cyber liability insurance market and how captives are being used to insure this emerging risk. Read More