Market News
CMIC Risk Retention Group Outlook Revised
A.M. Best has downgraded its outlook for the Connecticut Medical Insurance Company (CMIC) Risk Retention Group from positive to stable to "reflect the group's sub-par results reported over the past several years." Read More
IAIS Announces Systemic Risk Assessment and Policy Work Plan
The International Association of Insurance Supervisors (IAIS) is developing an activities-based approach to systemic risk assessment. Read More
TRIPRA Terrorism Insurance Data Reporting Requirement
Complying with the Terrorism Risk Insurance Program Reauthorization Act (TRIPRA) of 2015, the Treasury Department will require captive insurers to submit terrorism insurance data by May 15, 2017. Providing the required data may require considerable effort for some captives. Read More
Getting Captive Insurance Pricing Right
An article by Milliman actuary Mike Meehan outlines best practices for captive rate setting with emphasis on communications between the parties. Read More
The Number of Captive Insurers in 2016
Strategic Risk Solutions (SRS) has estimated the number of captives licensed in Bermuda, Cayman, and 18 US domiciles at year-end 2016. The estimates, as presented at the SRS webinar, 2017-A Pivotal Year for the Captive Market Read More