Market News

Captive insurers excel with high dividends, reduced acquisition costs, and quick risk response. Their structure promotes early risk identification and stakeholder alignment. Expected to grow, captives offer customized solutions, outperforming commercial insurers by providing tailored coverage and better claims management, all while being flexible and proactive. Read More

Don't miss the August issue of "Captive Insurance Company Reports" ("CICR"), which breaks down an Internal Revenue Service (IRS) Chief Counsel Advice (CCA) addressing the treatment of non–US-domiciled micro-captives when transactions are not considered insurance, focusing on withholding tax applicability under § 881(a). Read More

Aon Commercial Risk Solutions reported a 5.2 percent decrease in average price per million for public directors and officers (D&O) liability insurance in Q2 2024 compared to Q2 2023. The report highlights significant trends, including a 6.2 percent price drop for policies renewing in both quarters and a ninth consecutive quarterly decrease in the pricing index. Read More

The Cayman Islands Monetary Authority reports a surge in new international insurer licenses in Q2 2024. Growth spans public entity captives and diverse license classes, highlighting Cayman's appeal as a prime jurisdiction for the international insurance industry. Learn more about these developments and their impact. Read More

SRS Altitude has formed a partnership with Generali Global Corporate & Commercial to boost their alternative risk transfer (ART) underwriting activities. This collaboration aims to develop innovative ART solutions, addressing complex risks and expanding capabilities for clients, leveraging the strengths of both organizations in global risk management and insurance. Read More