Copyright © 2021 A.M. Best Company, Inc. and/or its affiliates. ALL RIGHTS RESERVED. Shared from Captive.com
Despite the impacts of the COVID-19 pandemic, rated captive insurance companies in Bermuda, the Cayman Islands, and Barbados continue to outperform US commercial casualty insurers, according to A.M. Best.
A Best’s Market Segment Report, “Rated BCIB Captives Continue Strong Performance in Comparison to Commercial Casualty Composite,” suggests that captives in the three domiciles outperform the US commercial casualty composite on underwriting and operating profitability.
Despite the pandemic and the addition of new risks as a result of the hardening commercial insurance market, the group of captive insurance companies saw net earned premium growth of 11 percent in 2020, Best said.
Share this Post