Market News

The 2017-2018 report from AON and ASHRM (American Society for Healthcare Risk Management) titled "AON/ASHRM Hospital and Physician Professional Liability Benchmark Analysis" reveals that healthcare systems can expect stable claims frequency for typical professional liability claims but warns of increased claims frequency for extremely large claims. The report also finds that batch claims are on the rise in nearly every state. Read More

According to a Bermuda Captive Conference panel, financing global employee benefits in captives does not present the same bureaucracy and expense as it does in the United States. The industry can expect to see up to 200 companies with global employee benefits risk in their captives within the next few years. Read More

A Fitch report finds that cyber-insurance has been a profitable business line for early entrants and is a rapid growth segment, with global premium volume set to increase six- to eightfold within a decade. The report reveals challenges faced by insurers and policyholders and identifies key risks and opportunities. Read More

Stamford-based Charter Communications, the nation's second-largest cable company, recently expanded its business footprint in Connecticut by basing its entire captive insurance operations in the state. Its captive, Spectrum Communications Indemnity, Inc., is the largest of 15 captives licensed in Connecticut. Read More

Management Services International (MSI), headquartered in Puerto Rico, reports that its team and staff on the island are safe after Hurricane Maria. While the storm has devastated Puerto Rico, leaving MSI's office in San Juan with limited e-mail and phone service, the office remains open for business. Read More