Market News
Reinsurer Underwriting Results Mixed for Third Quarter 2016
The Reinsurance Association of America (RAA) survey results for a group of 18 US property/casualty reinsurers show a 6.9 percent increase in net premiums for the 9 months that ended September 30, 2016, compared to the same period in 2015. Read More
Captive Insurance Industry Has Source for Workers Compensation Benchmarking Information
Results of the fourth annual "Workers' Compensation Benchmarking Study," a claims management operational study, have recently been released by national medical cost containment and care management company Rising Medical Solutions. Read More
Captive Insurers Need To Understand New Money Market Rules
The U.S. Securities and Exchange Commission (SEC) recently instituted new regulations governing institutional money market accounts. The historical context for this change dates back to the financial crisis of 2007-2008. Read More
Blockchain Technology Emerging in the Insurance Industry
In the Captive Wire newsletters from September 16, 2016, we reported on the recent meeting sponsored by the Bermuda Business Development Agency, which took place between the Bermuda Monetary Authority and 10 reinsurers in Bermuda and was facilitated by the technology consortium R3 Technologies. The meeting brought together technology, underwriting, and regulatory experts to explore ways that revolutionary distributed ledgers, based on blockchain technology, could fundamentally change their business and give Bermuda a leading role in a rapidly-evolving digital economy. Read More
Captive Insurance Regulation: Is State Authority under Attack?
In an open letter to state insurance commissioners, Sean G. King, CIC Services, LLC, principal and in-house counsel, warns that, in his view, states must actively resist Internal Revenue Service (IRS) attempts at becoming the "de facto regulator of insurance" unless they are prepared to relinquish regulatory authority. Read More