Captive Insurance News

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  • Register for the 2019 IRMI Energy Risk & Insurance Conference (ERIC) International Risk Management Institute, Inc. (IRMI®), has opened registration for the 2019 IRMI Energy Risk & Insurance Conference (ERIC), to be held February 25–27, 2019, at the Royal Sonesta in Houston.
  • Hugh Rosenbaum Discusses the World Captive Forum, Then and Now The World Captive Forum (WCF) is set to occur January 30–February 1, 2019, at Turnberry Isle Miami. recently spoke with captive insurance expert Hugh Rosenbaum about the event, then and now. Read on to learn more about the 2019 WCF and register today!
  • Swiss Re Shoulders $1.1 Billion from Nat Cat Claims in Third Quarter In the third quarter of this year, Swiss Re estimated it will shoulder combined claims costs of $1.1 billion from recent natural catastrophes (net of retrocession and before tax). While the third-quarter loss estimates are large for an individual quarter for Swiss Re, the cumulative losses for the first 9 months are broadly in line with year-to-date expectations.
  • Demotech Releases Second Quarter 2018 Financial Analysis of RRGs Demotech has released its "Analysis of Risk Retention Groups—Second Quarter 2018," reporting on the overall financial performance of risk retention groups (RRGs). Demotech's senior financial analyst, Douglas Powell, has concluded that "RRGs have a great deal of financial stability and remain committed to maintaining adequate capital to handle losses."
  • John Neal Takes Command of Lloyd's John Neal has officially taken command of Lloyd's, succeeding Inga Beale as CEO. In a statement from Lloyd's, the organization said that Mr. Neal brings significant experience as a global CEO who has a track record as a highly effective leader who can deliver business transformation.
Captive-Trends 2018

Captive Insurance Issues and Trends 2018

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  Business Growth SF

Technology Breaking Down Re/insurance "Coverage Gap" Barriers

At the Monte Carlo International Rendez-Vous of insurance and reinsurance, Swiss Re revealed that it believes some of the current improvements in the overall market environment provide a chance for the insurance sector to embrace new market dynamics such as the increased use of digital solutions.
September 11, 2018 Read More
  Man Pulling Up Statistics - SF

Swiss Re Sigma: Insurance Premium Rate Increases Will Be Needed

Swiss Re said that worldwide, most major non-life insurance markets are in a phase of below-average profitability. The reinsurer's latest sigma report assesses the existing earnings gap in the non-life insurance sector. The analysis shows that insurers in major western markets and Japan need to improve underwriting margins.
September 11, 2018 Read More
  Emplyoyee Benefits Note - SF

Dot Foods Seeks DOL Approval To Fund Benefits in Its Captive Insurer

Dot Foods Inc. is the latest employer to seek federal regulatory approval to use its captive insurance company to fund employee benefit risks. In a filing with the US Department of Labor (DOL), Dot Foods says it wants to use its captive insurer to reinsure voluntary accident and critical care coverages.
September 10, 2018 Read More
  Europe 480x377

FERMA Advises OECD, Further Indicators Not Needed for Captive Insurers

Last week the Federation of European Risk Management Associations (FERMA) responded to the Organization for Economic Cooperation and Development (OECD) concerning the captive insurance aspects of the OECD's public discussion draft document, titled "BEPS Actions 8-10 Financial Transactions," which discusses base erosion and profit shifting (BEPS) and considers the relationship between transfer pricing and value creation.
September 10, 2018 Read More
  Statistics Improvement - SF

Global Reinsurers' Earnings Have Settled, According to Fitch

Fitch Ratings has revised its outlook for the global reinsurance sector to stable from negative on the belief that earnings have settled at a "new normal," with return on capital likely to be more modest but less volatile than before.
September 07, 2018 Read More
  Upward Bar Graph - SF

Continual Increase of Nearly All Premium Renewal Rates, According to IVANS

IVANS has announced its August 2018 "IVANS Index: Premium Renewal Rate Index" results. Bouncing back from last month's results of decreasing rate change across almost all lines of business, August results show positive change across nearly all major commercial lines except for commercial auto, which experienced slight negative change.
September 07, 2018 Read More
  Vermont Flag-SF

A.M. Best Examines Vermont's Affiliated Reinsurance Company Legislation

A new type of captive insurance company, an affiliated reinsurance company, created by Vermont in response to US tax reform provides an onshore reinsurance alternative for companies facing an added tax burden due to the so-called Base Erosion and Anti-Abuse Tax, according to a new A.M. Best briefing.
September 06, 2018 Read More
  Rising Statistics SF2

Positive News for US Property-Casualty Re/insurers from Fitch Ratings

Operating performance moderately improved for property-casualty re/insurers during the first half of the year thanks to improved core loss ratios, lower catastrophe losses, and lower taxes along with favorable movement in loss reserves.
September 06, 2018 Read More

Mike O'Neill—Captive Owner of Interest spoke with Mike O'Neill, president and CEO of American Contractors Insurance Group Ltd. (ACIG), to discuss his role in overseeing ACIG's group captive insurance program and captive operations. ACIG provides underwriting, claims supervision, policy filing and issuance, risk management, safety, and quality services to its members.
September 05, 2018 Read More
  CICA Leading Financial Supporter-SF

A Flurry of Awards, Designees, and Announcements in from ICCIE

The International Center for Captive Insurance Education (ICCIE) revealed that Captive Insurance Companies Association continues as its leading financial supporter and provided updates from the Vermont captive conference, where it announced the latest ICCIE fellow designee as well as the winners of the Harry House and Vermont Captive Insurance Association Distinguished Scholar Awards.
September 05, 2018 Read More
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