Captive insurance is an appealing option for providing directors and officers (D&O) insurance as corporations tackle rising premiums and reduced capacity. In a Global Captive Podcast episode, Beth Thurston, head of the Marsh UK Management Liability Practice, said using D&O in captives is a frequent topic of client conversations.
North Carolina Insurance Commissioner Mike Causey says he intends to work with both state legislators and the state's captive insurance industry to further enhance North Carolina's status as a top domicile. Mr. Causey was recently reelected to a second term as insurance commissioner.
The insurance-linked securities (ILS) market has demonstrated resilience despite a number of significant tests over the past 3 years, a new report suggests. More than half of reinsurance and insurance companies now use ILS capacity, according to the Willis Towers Watson report.
AXA XL's North America Construction insurance business has launched its Construction Ecosystem, an integrated digital platform capable of connecting innovative construction technology providers with AXA XL's contractor clients. The new offering is intended to help contractors monitor and aggregate data to help manage risks on jobsites and across their organizations.
The results of 4 major European reinsurers through the 1st 9 months of 2020 are showing that pandemic losses are beginning to fade, according to Fitch Ratings. Event cancellation coverage was the only affected business line that required major adjustments to expected claims, the rating agency said.