Market News
NAIC Roundup: Looking Back, Looking Ahead
Look back at the changes the National Association of Insurance Commissioners (NAIC) implemented in 2017, courtesy of Johnson Lambert LLP, and then look forward, based on the NAIC's recently released strategic plan. Read More
Demotech Releases Third Quarter 2017 Financial Analysis of RRGs
Demotech's third-quarter Analysis of Risk Retention Groups reports on the overall financial performance of risk retention groups. The rating company's senior financial analyst, Douglas Powell, has concluded that Risk Retention Group (RRG) "have a great deal of financial stability and remain committed to maintaining adequate capital to handle losses." Read More
Connecticut's Captive Insurance Solution to Crumbling Home Foundations
The state of Connecticut has decided to provide $100 million to fund a captive insurer that will insure the replacement or repair of residential foundations damaged by the high level of pyrrhotite in the concrete. The National Risk Retention Association's chairman, Dan Labrie, provides further details. Read More
Superintendent Sought for New Connecticut Captive Insurer
The incorporators of a new Connecticut captive insurer, Connecticut Foundation Solutions Indemnity Company, LLC (CFSIC), have released a request for proposal (RFP) for the role of superintendent of the company. Interested parties are encouraged to read and respond to the RFP. Read More
ILS Records "Shattered" in 2017, According to Swiss Re Report
According to the Swiss Re Capital Markets latest "Insurance-Linked Securities Market Update," 2017 produced groundbreaking records for the insurance-linked securities (ILS) market. While the first half of the year was "record-shattering," with $8.4 billion of ILS issuance, the second half of the year quieted to merely $2.13 billion of issuance. Read More