Market News
US Property-Casualty Performance Remained Weak through Third Quarter
While the property-casualty segment should generate modestly better underwriting results and profits in 2024, it faces ongoing risk from catastrophe exposures and loss-cost uncertainty in many segments. Fitch said that underwriting performance remains "widely divergent" between the personal lines and commercial lines sectors. Read More
Vermont's 2024 Captive Bill Seeks Several Revisions to Existing Law
A draft of Vermont's 2024 captive insurance bill is taking shape, offering a number of potential revisions to the state's existing captive law, Vermont Captive Insurance Association President Kevin Mead said in a recent blog post. Read More
US Property-Casualty Results Poised for Modest Improvement in 2024
After a difficult 2023, US property-casualty insurers should see modest improvement in their results in 2024, according to Fitch Ratings. In its 2024 sector outlook report, Fitch said that a recovery in the personal auto line will contribute to statutory profit improvements for US property-casualty insurers. Read More
Bermuda Regulators Work To Keep Pace with Captive Insurance Innovation
As Bermuda's captive insurance industry continues to use captives in new ways and to address emerging exposures, the Bermuda Monetary Authority (BMA) continues to work to provide a suitable supervisory framework to address emerging structures. Two major areas of that effort are climate and cyber risks. Read More
Podcast Focuses on the Unique Benefits of Group Captive Ownership
A new IRMI Podcast on the International Risk Management Institute, Inc. (IRMI), and Captive.com Captive Podcasts page features Jim DeWulf of Captive Resources discussing the benefits of group captives. Podcast listeners will be led through the world of group captives and shown the invaluable benefits that owner control brings to organizations. Read More