Last month at the Vermont Captive Insurance Association conference, there was talk of a new location for the annual conference in 2012. The conference has ...
Alterra Capital Holdings Limited announced the consolidation of its Bermuda operating subsidiaries, Alterra Insurance Limited (Alterra Insurance) and Harbor Point Re Limited (Harbor Point Re).
U.S. property and casualty reinsurers saw net premiums written drop 4 percent in the first half of 2010 compared to last year, while underwriting results deteriorated by nearly five points.
Key challenges facing global reinsurers will drive profits lower, but are unlikely to undermine the current strong levels of capitalization for the majority of carriers over the next 12-to-24 months.
The common perception is that a captive insurer or risk retention group entering rehabilitation has hit the skids and is on its way out, but the opposite is sometimes true, according to a captive management company.
While globalization has brought many benefits to businesses, companies need to spend more time studying the new and emerging risks involved and planning for low-probability events, Lloyd's warns.
Facing shrinking resources, an uncertain economy as well as changing political and regulatory landscapes, risk managers might be forced to reassess their particular captive insurance solutions, a new white paper by ACE suggests.
New legislation and structuring for captives in a number of domiciles has made formation of captive facilities--once limited to large global organizations--attractive to smaller companies as well.