Market News

Connecticut's captive insurance sector grew by 17 percent in 2024, adding 9 new captives and 17 protected cells. The state's strong regulatory framework, skilled workforce, and updated legislation continue to attract businesses seeking alternative risk financing solutions, solidifying Connecticut's position as a leading US captive insurance domicile. Read More

An AM Best survey highlights strong growth potential for Delegated Underwriting Authority Enterprises (DUAEs), with insurers valuing their specialization, niche market access, and tech-driven capabilities. The report notes challenges in compliance and accountability but underscores DUAEs' role in expanding underwriting capacity and leveraging predictive analytics for competitive advantage. Read More

Kroll Bond Rating Agency's "AI in Insurance: The Future Is Now" examines artificial intelligence's (AI's) expanding role in marketing, underwriting, and claims processing while addressing regulatory challenges. The report highlights AI's benefits, including efficiency and fraud detection, alongside risks like bias and cyber security, emphasizing the importance of governance and compliance for insurers adopting AI strategies. Read More

Don't miss the February issue of "Captive Insurance Company Reports" ("CICR"), in which captive expert Adriana Scherzinger, head of captives, commercial insurance, at Zurich Insurance Group, shares her insights into the captive industry. Read More

Bermuda (re)insurers expect higher loss costs and pressured premium rates in 2025, with a rising combined ratio. Reinsurance pricing is softening, but risk-adjusted returns remain favorable. Strong capital levels support resilience despite California wildfire losses. The insurance-linked securities market stays robust, though aggregate reinsurance faces pressure from severe US storm activity. Read More