Market News
Public D&O Pricing Decreases in Second Quarter 2024
Aon Commercial Risk Solutions reported a 5.2 percent decrease in average price per million for public directors and officers (D&O) liability insurance in Q2 2024 compared to Q2 2023. The report highlights significant trends, including a 6.2 percent price drop for policies renewing in both quarters and a ninth consecutive quarterly decrease in the pricing index. Read More
Cayman Islands Sees Significant Increase in Insurer Licenses in Q2 2024
The Cayman Islands Monetary Authority reports a surge in new international insurer licenses in Q2 2024. Growth spans public entity captives and diverse license classes, highlighting Cayman's appeal as a prime jurisdiction for the international insurance industry. Learn more about these developments and their impact. Read More
SRS Altitude Partners with Generali for ART Underwriting
SRS Altitude has formed a partnership with Generali Global Corporate & Commercial to boost their alternative risk transfer (ART) underwriting activities. This collaboration aims to develop innovative ART solutions, addressing complex risks and expanding capabilities for clients, leveraging the strengths of both organizations in global risk management and insurance. Read More
Parametric Solutions Propel Resilient Renewable Energy Sector in 2024
The renewable energy sector shows resilience despite challenges, with WTW's 2024 review highlighting offshore wind, green hydrogen, and the rise of parametric solutions to navigate risks and opportunities. Read More
Verve and Michael Maglaras & Company Introduce New 831(b) Defense Coverage
Verve Risk Services and Michael Maglaras & Company launch the "Micro-Captive Defender," a new insurance program offering defense cost coverage for 831(b) captives, including IRS investigation-related fines and penalties. Learn more about this innovative solution at Verve's website. Read More