Market News
Report Advises Insurers To Find Captive Collaboration Opportunities
While the continued growth of captive insurance could be viewed as competition by the traditional commercial insurance market, there are in fact opportunities to be had for insurers that find ways to collaborate with captives, a new report suggests. Read More
A.M. Best Maintains Stable Outlook on US Commercial Lines Segment
A.M. Best is maintaining its stable market outlook for the US commercial insurance lines segment for 2024. The rating agency said its stable outlook is due in part to the US commercial lines segment's persistently strong underwriting results throughout the pandemic and amid significant economic and capital markets volatility. Read More
Guernsey Incorporated Cell at Core of Pension Risk Transfer Deal
A Guernsey-based incorporated cell is being used to reinsure the MMC UK Pension Fund in a £2 billion longevity risk transfer. Fission Gamma, a new Guernsey-based incorporated cell, was created to insure the longevity risk of the fund and to reinsure this risk with reinsurer Munich Re. Read More
December "CICR" Reflects on Captive Industry in 2023
Don't miss the December issue of "Captive Insurance Company Reports" ("CICR"), which reflects on the value and importance of captive insurance over the past 12 months. Read More
Commercial Insurance Premiums Increased 8.1 Percent in Third Quarter
Commercial insurance premiums increased by an average of 8.1 percent during the third quarter of 2023, down from the 8.9 percent increase in the second quarter but the 24th consecutive quarter of premium increases, according to the Council of Insurance Agents & Brokers. Read More