Market News
Dot Foods Seeks DOL Approval To Fund Benefits in Its Captive Insurer
Dot Foods Inc. is the latest employer to seek federal regulatory approval to use its captive insurance company to fund employee benefit risks. In a filing with the US Department of Labor (DOL), Dot Foods says it wants to use its captive insurer to reinsure voluntary accident and critical care coverages. Read More
FERMA Advises OECD, Further Indicators Not Needed for Captive Insurers
Last week the Federation of European Risk Management Associations (FERMA) responded to the Organization for Economic Cooperation and Development (OECD) concerning the captive insurance aspects of the OECD's public discussion draft document, titled "BEPS Actions 8-10 Financial Transactions," which discusses base erosion and profit shifting (BEPS) and considers the relationship between transfer pricing and value creation. Read More
Continual Increase of Nearly All Premium Renewal Rates, According to IVANS
IVANS has announced its August 2018 "IVANS Index: Premium Renewal Rate Index" results. Bouncing back from last month's results of decreasing rate change across almost all lines of business, August results show positive change across nearly all major commercial lines except for commercial auto, which experienced slight negative change. Read More
Global Reinsurers' Earnings Have Settled, According to Fitch
Fitch Ratings has revised its outlook for the global reinsurance sector to stable from negative on the belief that earnings have settled at a "new normal," with return on capital likely to be more modest but less volatile than before. Read More
Positive News for US Property-Casualty Re/insurers from Fitch Ratings
Operating performance moderately improved for property-casualty re/insurers during the first half of the year thanks to improved core loss ratios, lower catastrophe losses, and lower taxes along with favorable movement in loss reserves. Read More