Market News
Panel Discussion Sheds Light on Parametric Coverage and Regulatory Challenges
In a recent panel discussion at the Vermont Captive Insurance Association’s Annual Conference, experts delved into the nuances of parametric coverage and how it differs from traditional insurance. The panelists provided valuable insights into the world of parametric contracts, their growing popularity, and the regulatory challenges that come with them. Read More
All Major Commercial Lines Saw Month-over-Month Increases in October
Average premium renewal rates of all major commercial insurance lines increased month over month in October, according to the Ivans Index, a regular premium renewal rate index compiled by the Ivans insurance exchange service. Year over year, all lines but workers compensation saw premium renewal rate increases during the month. Read More
Podcast Sheds Light on Using Captives To Tailor Insurance Solutions
The latest IRMI Podcast on the International Risk Management Institute's (IRMI) and Captive.com's Captive Podcasts page features Andy Hulme, executive vice president—director of underwriting at Strategic Risk Solutions (SRS), discussing tailoring insurance solutions using captive insurance. Read More
A.M. Best Revises Excess and Surplus Segment's Outlook to Positive
A.M. Best has revised its outlook on the excess and surplus (E&S) lines insurance segment to positive from stable. In announcing the outlook change, the rating agency cited the E&S segment's increased business due to declining capacity in commercial lines and some personal lines markets, along with strong underwriting results. Read More
Strategic Risk Solutions Launches New Managing General Underwriter
Independent insurance company manager Strategic Risk Solutions (SRS) has launched its latest alternative risk transfer venture, Altitude, a new managing general underwriter (MGU). SRS described the creation of the new MGU as a strategic move aimed at expanding the company's client services portfolio. Read More