Market News

Hylant outlines key steps for captive insurance audit preparation, including reviewing internal controls, ensuring up-to-date documentation, and collaborating with stakeholders. Beginning preparations in the last quarter of the fiscal year helps captives meet regulatory requirements efficiently, ensuring a smooth, timely audit process year after year. Read More

Swiss Re anticipates rising demand for reinsurance amid growing natural catastrophe risks and heightened US litigation. Specialty lines like renewable energy and cyber insurance are also expanding, while the company emphasizes the importance of risk assessment, capital management, and addressing social inflation impacting global liability claims. Read More

Jeremy Colombik and Adam Perea highlight how businesses can lower their total cost of risk through captive insurance. By managing risk more effectively, insureds can avoid focusing solely on premium reductions, benefiting from custom policies, greater control over claims, and long-term financial advantages, even amid a hard insurance market. Read More

Virtual captives provide a streamlined alternative to traditional captive insurance companies, allowing organizations to retain risk, customize coverage, and reduce costs. They avoid the regulatory burdens of setting up a legal entity, offering flexibility in risk management and profit-sharing mechanisms while maintaining insurer support for claims and administrative tasks. Read More

Hannover Re expects strong reinsurance demand into 2025, with stable pricing and growth opportunities, particularly in nonproportional coverage. The company focuses on emerging risks like cyber and climate change, while maintaining a solid capital position and offering innovative solutions, including catastrophe bonds for cloud outages. Read More