Market News
Macquarie Introduces Rent-a-Captive Solution for Insurance Clients
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
Artex and Gallagher Extend Risk Management Services in Abu Dhabi
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
New Podcast Episode Explores Employee Benefits and Cost Control in Captives
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
Renewal Rates Rise Year over Year for Most Commercial Lines in Q3
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
Global Commercial Insurance Rates Fall for First Time in 7 Years
Global commercial insurance rates fell by 1 percent in Q3 2024, marking the first quarterly decline since 2017. This was driven by increased competition in the property market, with notable regional differences in rate changes across key markets. Read More