Market News
Survey Reflects Captive Industry Strength, Favorable Future Outlook
The captive insurance industry continues to grow and take on new risks, with captive industry participants remaining bullish on the industry's future, according to the findings of the Self-Insurance Institute of America (SIIA) 2023 Captive Industry Survey. For the third year in a row, new captive formations significantly outnumbered closures. Read More
October "CICR" Explores Revolutionizing Hurricane Coverage
Don't miss the October issue of "Captive Insurance Company Reports" ("CICR"), which explores how captive insurance managers can play a pivotal role in orchestrating the transformative process of integration of private insurance-linked securities solutions and artificial intelligence predictions as a potent means to reshape hurricane coverage. Read More
How Risk Retention Groups Differ from Captives
A risk retention group (RRG) can be an option for insurance buyers facing common challenges in the traditional liability insurance market. An RRG can offer premium savings, options for obtaining difficult-to-get coverages or limits, and incentives for reducing claims activity. Read More
Skyward Specialty and eMaxx Expand Their Captives Partnership
Specialty property-casualty insurance provider Skyward Specialty Insurance Group, Inc., and eMaxx, a tech-enabled specialty provider of commercial property-casualty insurance captive solutions and programs, have expanded their captives' partnership. Skyward Specialty will provide strategic support and additional capacity for eMaxx's variable alternative energy warranty products captive solutions. Read More
Concert-Sponsored Medical Professional Liability RRG Gets A- Rating
A.M. Best has assigned an A- (Excellent) rating to Indigo Risk Retention Group, Inc. (Indigo RRG), a new insurance company sponsored by Concert Insurance Group. Concert said the new risk retention group (RRG) will leverage data-driven expertise to underwrite policies for non-hospital-based physicians. Read More