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  Foundation Repair-SF

Crumbling Foundations Captive Superintendent To Step Down

Michael Maglaras, principal of Michael Maglaras & Company, recently announced that he will step down in October as superintendent of the Connecticut Foundation Solutions Indemnity Company, Inc., the captive insurance company charged with providing financial assistance to homeowners affected by the crumbling foundations natural disaster.
August 19, 2019 Read More
  Leane Rafalko-SF

Leane Rafalko Offers an Insider's Perspective on North Carolina Captives

Leane A. Rafalko, chief captive analyst for the North Carolina Department of Insurance, Captive Insurance Companies Division, discusses a wide range of issues, including the growth of North Carolina as a captive domicile, changes state lawmakers have made to North Carolina's captive statute, and the future of captive growth.
August 19, 2019 Read More
  Modernize Technology Concept 480x377

Global Insurance Industry Views Technology Modernization as Threat

The urgent need for business and technology modernization poses the greatest threat to the global insurance industry, according to The Insurance Banana Skins report, published by the Centre for the Study of Financial Innovation in association with PwC.
August 16, 2019 Read More
  Natural Disasters 480x377

Insured Catastrophe Losses $19 Billion First Half of 2019

Insured losses from natural catastrophes and man-made disasters in the first half of 2019 totaled $19 billion, according to Swiss Re Institute's preliminary sigma estimates.
August 16, 2019 Read More
  IRA Pension Retirement

Captive Insurance Solution Used for Large UK Pension Scheme Deal

In the second-largest-ever deal of its type, HSBC in Bermuda (advised by Aon) set up a £7 billion captive-insurance-based pension longevity swap, involving the HSBC Bank (UK) Pension Scheme and Prudential Insurance Company of America (PICA).
August 15, 2019 Read More
  Increasing Graph 480x377

IVANS: Some Commercial Lines Products Show Renewal Rate Increase

IVANS announced its July 2019 results showing a downtick in premium renewal rate change across half of the commercial lines products, including commercial auto, general liability, and commercial property. Businessowners policy, umbrella, and workers compensation experienced slight positive changes in July.
August 15, 2019 Read More

Registration Now Open for the 39th IRMI Construction Risk Conference

International Risk Management Institute, Inc. (IRMI), has opened registration for the 39th IRMI Construction Risk Conference. The Conference will be held November 10–13, 2019, at the Washington State Convention Center in Seattle.
August 14, 2019 Read More
  Three Keys to Success-SF

3 Key Components to Managing a Successful Captive

There are many different components involved in running a captive insurance company. While completing audits, filing tax returns, and tending to other regulatory compliance items are important, a captive insurer should also consider other key components to ensure its success.
August 14, 2019 Read More
  global increase -SF

Global Commercial Insurance Pricing Up 6 Percent

Marsh recently released its "Global Insurance Market Index," which showed that average commercial insurance prices increased 6 percent in second quarter 2019.
August 13, 2019 Read More
  Slow Sign-SF

Willis Re: ILS Market Slow To Return to Normal

The insurance-linked securities (ILS) market declined year-over-year in the second quarter of 2019, with just below $1.7 billion of nonlife ILS capacity issued through 11 catastrophe bonds, according to Willis Re's latest "ILS Market Update."
August 13, 2019 Read More
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