Market News

The International Association of Insurance Supervisors (IAIS) has launched a public consultation on its draft paper on operational resilience objectives for the insurance sector, inviting feedback by October 11. This is the first phase of a two-part effort, with a toolkit to follow in 2025. A public webinar will be held in September to discuss the draft. Read More

A.M. Best-rated US captives reported strong financial performance in 2023, with net income rising by 53 percent. These captives outperformed commercial peers, maintained stability despite market volatility, and expanded coverage for nontraditional risks, providing an effective alternative for enterprise risk management during challenging market conditions.  Read More

Hear from Hylant about how employers can manage rising costs from advanced medical treatments. Captive medical stop-loss insurance leverages data analysis to reduce risks and control expenses. By integrating this with a captive program, employers ensure quality care while safeguarding their financial health. Read More

Michael Maglaras & Company secured $25 million from Connecticut to support the Connecticut Foundation Solutions Indemnity Company in addressing the state's crumbling foundations crisis. The captive insurer has raised $194 million to date and is close to serving 1,000 families, with additional funding expected soon. Read More

In the latest IRMI podcast, Joel Appelbaum interviews Sandy Bigglestone and Dan Petterson from Vermont's Department of Financial Regulation. They discuss Vermont's innovative, risk-focused approach to captive insurance regulation, emphasizing personalized reviews and direct engagement with company executives. This model sets a new standard for regulatory efficiency and industry insights. Read More