Market News
"IVANS Index" Provides Fourth-Quarter and 2017 Year-End Results
December's "IVANS Premium Renewal Rate Index" findings show a slight uptick in premium renewal rate change average across commercial auto, businessowner's policy, general liability, and commercial property compared to third quarter. December's report also includes IVANS overall year-end 2017 results. Read More
Group Rental Captive Insurer Launched for Towing and Recovery Industry
The first group rental captive insurer designed exclusively for the towing and recovery industry, TowCap Premier, has been launched by National Interstate Insurance Company, a leading specialty property and casualty transportation insurer. Read More
Martin & Company Adds Employee Benefits Consulting Division
Martin & Company, an industry provider of consulting and regulatory services to the property and casualty, life and health, and captive insurance markets, recently created an Employee Benefits Consulting division and has also expanded its Life, Accident & Health department. Read More
UVM Health Network To Relocate Captive Insurance Company to Vermont
The University of Vermont (UVM) Health Network has announced it will move its captive insurance company from Bermuda to Vermont. The change is the outcome of a unanimous decision by the Board of Directors of VMC Indemnity Company, Ltd., the health network subsidiary that provides medical malpractice insurance coverage for its medical providers. Read More
IAIS Releases Consultation Paper on Systemic Risk
The International Association of Insurance Supervisors (IAIS) has released a consultation paper regarding systemic risk in the insurance industry. The IAIS is seeking input on the paper by market participants by February 15, 2018. We provide a summary of the paper and argue that captive insurers should provide responses. Read More