Market News

African Risk Capacity Ltd. has appointed Gallagher Re as its reinsurance broker to manage climate risks across Africa. The partnership emphasizes parametric solutions and alternative risk transfer, combining traditional and innovative risk strategies to support resilience initiatives and financial security for countries facing climate impacts. Read More

Macquarie Insurance Facility has launched a rent-a-captive insurance solution to broaden its property and casualty services. This addition allows clients to benefit from captive insurance without the operational demands, further positioning Macquarie in the global insurance aggregator market. Read More

In this podcast, Jarid Beck of Risk Management Advisors discusses how businesses can use captive insurance to self-fund employee benefits. He covers key strategies such as stop-loss coverage, wellness programs, and claims management while exploring how advancements in data and artificial intelligence are improving healthcare cost control and overall benefits management. Read More

Artex and Gallagher have introduced captive insurance and alternative risk management services in Abu Dhabi Global Market. This expansion supports the Middle East and Africa's dynamic sectors, including energy, finance, and healthcare, by providing specialized risk solutions to address increasingly complex operational risks. Read More

The Q3 2024 "Ivans Index" shows year-over-year renewal rate increases for most commercial lines, except workers compensation. Businessowners policy, general liability, and umbrella lines dipped slightly compared to Q2 2024, while other major lines saw steady rises, indicating a potential slowing in the pace of rate increases. Read More