Market News
Global Captive Market Grows as US, Offshore Domiciles Compete
Captive insurance formations rose in 2024, with Vermont, Cayman, and Bermuda leading globally. Business Insurance's rankings highlight increased use of captives for property, cyber, healthcare, and climate risks. Regulatory developments in Europe and evolving market conditions continue to drive global adoption of alternative risk financing through licensed captive structures. Read More
HSBC Launches Captive Insurer in Hong Kong to Manage Regional Employee Risk
HSBC has established Wayfoong (Asia), a captive insurer in Hong Kong, to reinsure employee-benefit risks across the Asia-Pacific region. The move follows regulatory updates and supports Hong Kong's growing role in global risk management. It is the first captive insurer in the city formed by a multinational financial services firm. Read More
Podcast from Captive Resources Tackles Employer Healthcare Costs
Captive Resources launches "Captivating Health Insights," a podcast offering expert strategies on healthcare cost containment and employee well-being. Targeted at employers and industry professionals, the series explores captive insurance, self-funded plans, pharmacy benefit managers, and more. Hosted by Maddison Bezdicek, it debuts May 6 on major streaming platforms and Captive Resources' website. Read More
Global Commercial Insurance Rates Continue Downward Trend in Q1 2025
According to Marsh's "Global Insurance Market Index," global commercial insurance rates dropped 3 percent in Q1 2025, continuing a downward trend. Property, cyber, and financial lines saw rate reductions across regions, while US casualty rates rose 8 percent, driving a global casualty increase. Insurer competition enabled broader coverage and improved terms. Read More
How MGAs Employ Captive Insurance to Support Program Business
Managing general agencies (MGAs) apply their market segment expertise to underwrite accounts that address the specific risks faced by the insured. Read More