US Health Insurance Reinsurance Cessions Surge 300% Since 2016, AM Best Finds
Ceded U.S. health insurance premium to the reinsurance market has soared to $203 billion in 2025, up from $59 billion in 2016—a jump of more than 300% over the decade, according to a new AM Best report published in September 2026. The report, Best’s Market Segment Report: Global Reinsurance – Health, attributes the growth to elevated high-cost claims, rising utilization, and persistent medical cost trends that are pushing U.S.
Africa Finance Corporation Launches Bermuda Captive to Boost Risk Capacity
Africa Finance Corporation (AFC) in August 2026 launched a Bermuda-domiciled captive, AFC Captive Insurance Company, to strengthen risk management and support its infrastructure financing activities across the continent. Backed by up to $30 million in equity capital, AFC Captive will initially insure loans AFC extends to its counterparties, with the goal of reducing reliance on external commercial insurance markets over time. Wola Asase, AFC’s deputy director and head of
MAXIS GBN Whitepaper Urges Nuanced Strategy for GLP-1 Coverage
MAXIS GBN in September 2026 released a whitepaper urging multinational employers to adopt a nuanced, data-led strategy for covering GLP-1 medications, warning that poor planning could drive up pharmacy costs without delivering lasting health gains. Building on a dataset that covers 52 insurance partners in 36 countries, more than 7.9 million insured lives, over 1.5 million unique claimants and approximately 50 million claim records, MAXIS GBN found that 38%
TPR Adopts ‘No-Surprises’ Enforcement Model to Prevent Member Harm Early
In the UK, The Pensions Regulator (TPR) in September 2026 unveiled a new outcomes-focused enforcement approach that prioritizes early intervention and data-driven risk detection over rigid compliance checks, aiming to prevent harm to pension savers before it occurs. Under the framework, TPR will evaluate potential enforcement cases based on three factors: impact, scale, and complexity. High-impact or high-scale cases will typically take priority even when straightforward, while low-impact, low-scale
Industry Urges DWP to Rethink General Levy Before Raising Rates
UK pension industry bodies in September 2026 urged the government to overhaul the General Levy framework before pushing through proposed increases, warning the changes could unfairly burden large schemes and undermine consolidation goals. Responding to the DWP’s consultation on the Occupational and Personal Pension Schemes General Levy Regulations Review 2026, Pensions UK acknowledged the need to address the levy deficit funding bodies such as The Pensions Regulator, the Money
OECD Inflation Holds at 4.1% as Energy Prices Stay Elevated
OECD-wide annual inflation held steady at 4.1% in July 2026, following a decline in June, as increases in 13 member countries were largely offset by declines in 14 others, with 11 more remaining stable. Energy inflation stayed above 10% for a fourth consecutive month, reaching 11.6%, while core inflation (excluding food and energy) remained flat at 3.6%. Food inflation eased to 3.2% from 3.4% in June, with 23 OECD
Aon Acquires USI, Expanding Middle-Market Reach
Aon in August 2026 confoirmed it had agreed to acquire USI Insurance Services from KKR and other shareholders in a $17 billion deal, marking its second major middle-market push in two years following the 2023 NFP acquisition. On a net basis, accounting for roughly $278 million in tax attributes, the price comes to $16.7 billion, or about 14.5 times USI’s synergized trailing-twelve-month adjusted EBITDA. USI, the tenth-largest US insurance
SME Borrowing Costs Remain High Despite Rate Relief
Small and medium enterprises (SME) continue to face challenging financing conditions with borrowing costs well above pre-COVID levels and new lending volumes remaining 20% lower than 2019 in real terms, according to a new OECD report published in August 2026. The financing squeeze is intensifying as lenders demand greater security from SME borrowers. The share of small businesses required to provide collateral jumped 5 percentage points to reach 53%
UK India letters set out a future social security coordination commitment
The UK and India’s exchange of letters dated 24 July 2025 set out a commitment to negotiate a Double Contributions Convention. For international assignment teams, the important distinction was between an agreed negotiating framework and contribution relief that could already be used in payroll. Read the dated development The letters envisaged home-country-only social-security contributions for qualifying detached employees for up to thirty-six months. They stated that the future convention
The Swiss Italian frontier worker agreement calls for a population review
In July 2023, Switzerland’s State Secretariat for International Finance announced that the new agreement on taxation of frontier workers between Switzerland and Italy had entered into force on 17 July, with application from January 2024. The January milestone therefore concerned implementation of an established agreement. For multinational employers, the useful lesson is to identify the employees affected before turning a country announcement into a payroll instruction. Start with the
Employers Still Struggling to Fully Integrate Mental Health Strategies
While workplace mental health awareness has dramatically increased since COVID-19, most employers remain “still in a transition stage” and haven’t fully integrated mental health into their leadership practices or business strategy, according to HR expert Pamela McGee, who spoke at the SHRM26 Conference in June 2026. Many organizations acknowledge mental health challenges but fail to move beyond basic offerings like employee assistance programs (EAPs). McGee notes that EAPs often
Singapore announces consultation plans for protected cell companies
In a speech delivered on 25 June 2026, Gan Kim Yong, chairman of the Monetary Authority of Singapore, announced that MAS would soon consult on introducing protected cell companies. The proposed structure would allow assets and liabilities to be separated within individual cells under a common core entity, while sharing infrastructure. MAS presented this as a way to widen access to captive insurance and support alternative risk transfer, including
Employee voices offer a forward-looking signal of firm quality
A June 2026 NBER working paper examines whether employee reviews can reveal information about product and service quality before problems become visible externally. Wei Cai, Dennis Campbell, Yaxuan Chen, Yufei Chen and Andrea Prat use more than 4.3 million Glassdoor reviews to construct firm-level quality measures for S&P 1500 companies covering 2008 to 2023. The authors train machine-learning models using customer satisfaction information for a subset of firms and
SHRM 2026: paid parental leave expands among surveyed employers
SHRM’s 2026 Employee Benefits Survey provides a new benchmark for paid family leave. In an article published on 17 June 2026, SHRM reports that 46% of responding organizations offer paid parental leave, seven percentage points more than in 2025. Paid maternity leave is offered by 44%, paid paternity leave by 34%, and paid prenatal leave beyond legal requirements by 18%. The survey covers 5,472 organizations. These figures describe the
UK group risk benefits paid GBP2.69 billion in claims during 2025
GRiD published its annual group risk claims figures on 16 June 2026. The UK industry paid approximately GBP2.69 billion during 2025 across employer-sponsored life assurance, income protection and critical illness cover. The release also reports that 5,590 employees absent through ill health were helped to return to work by the end of 2025. The figures cover different products and should retain those distinctions. Income protection payments include new and
South African retirement communications need the right two pot timetable
In June 2023, South Africa’s National Treasury published draft legislation for a two-pot retirement system. The original proposal’s timetable subsequently changed, and SARS confirms that implementation began in September 2024. The distinction matters when using historical announcements to explain a benefit. Employees need an account of the arrangement applicable to them, with savings access, preserved retirement provision and tax consequences explained separately. Begin with the correct stage of the
Marsh Nexus opens a cell captive route for international employee benefits
Marsh announced the launch of Marsh Nexus Captive Solution on 15 June 2026. The offering operates through its Mangrove Protected Cell Company in Washington, D.C., and is designed for organisations spending more than USD3 million annually on employee benefits outside the United States. The announcement identifies Redion Employee Benefits, formerly Generali Employee Benefits Network, and Zurich as supporting global insurance and reinsurance partners. Marsh presents Nexus as a way
A monthly office day improved outcomes in a trial of remote customer-service work
An NBER working paper circulated in the newsletter received on 15 June 2026 examines a monthly office day for remote customer-service employees. Researchers randomly assigned 248 employees at a large multinational to remain fully remote or meet at the office together one day each month. The study reports higher productivity and lower attrition in the treatment group. The experiment offers evidence about a defined arrangement in a particular workplace.
Tokio Marine HCC highlights sustained pressure on medical stop-loss risk
Tokio Marine HCC’s 2026 Annual Market Report describes continuing pressure on medical stop-loss insurance from more frequent large claims, expensive treatment and complex conditions requiring sustained care. The report was highlighted in the Captive Wire newsletter received on 14 June 2026. Its exact original publication day was not established in the materials available for this review. The insurer’s report introduction points to cancer, cardiovascular conditions, neonatal care, transplants and
Medical AI liability research puts usable records at the centre of governance
Alex Chan’s working paper, Optimal Medical Liability for AI, is dated 9 June 2026 in the Harvard Business School version and was circulated by NBER in June 2026. The paper develops a theoretical framework for situations where AI acts as a doctor rather than only assisting a clinician. It examines how the available medical record affects the incentives and responsibilities that a liability arrangement can create. The argument is
Sun Life reports weaker household financial resilience across Asia
Sun Life Asia released its third Financial Resilience Index on 9 June 2026, drawing on a May 2026 survey of more than 6,000 respondents in Hong Kong SAR, Indonesia, Malaysia, the Philippines, Singapore and Vietnam. The proportion classified as highly resilient fell from 32% in 2025 to 25% in 2026. The survey reports that 83% of respondents found monthly expenses harder to cover because of inflation. It also records
Allianz Partners signs agreement for nib travel portfolio
Allianz Partners announced on 5 June 2026 that it had signed an agreement to acquire a large portion of nib’s Australian and New Zealand travel insurance portfolio. The announced transaction includes the Travel Insurance Direct brand, a twenty-year white-label distribution agreement with nib Group in both countries, and a substantial portion of nib’s established intermediary relationships in Australia. At the announcement date, the transaction remained subject to regulatory approval
German evidence challenges a simple link between establishment size and pay
NBER Working Paper 35265, issued in May 2026 and circulated in the newsletter received on 1 June 2026, revisits the employer size wage effect. Using linked German data on firms, establishments and employees, the researchers find that the usual relationship between establishment size and wages disappears across establishments within the same large firm after controlling for the firm. The result distinguishes two comparisons that can otherwise be confused: employees
AI coding gains narrowed as work moved toward completed software
The version of NBER Working Paper 35275 circulated in the newsletter received on 1 June 2026 studies AI coding tools using data on more than 100,000 GitHub developers and their tool usage. Its matched event-study analysis finds substantial increases in coding activity, with smaller gains as the outcome moves from commits to projects and actual releases. This article concerns that archived version. The NBER page subsequently lists a September
SHRM 2026 snapshot highlights underuse of mental health benefits
SHRM’s 2026 Mental Health Snapshot reports that 55% of surveyed US workers rarely or never used their organisation’s mental health benefits. The infographic also reports that 73% of workers and 87% of HR professionals agreed that organisations have a responsibility to support employee mental health. The worker sample comprised 1,101 people surveyed on 11 February 2026. A separate sample of 1,022 HR professionals was surveyed from 5 February 2026
Business Group on Health survey finds uncertainty over 2027 GLP-1 coverage
Business Group on Health’s 2026 GLP-1 survey examines responses from 105 employer members collected in February and March 2026. The organisation reports that 67% of respondents cover GLP-1s for weight management. Among employers covering that use, 72% said they were likely to continue coverage in 2027, while 10% said they likely would not. The denominator and wording matter. The finding concerns the group already covering weight-management use, and describes
Generali introduces Redion as the shared identity for GEB and Europ Assistance
Generali introduced Redion on 26 May 2026 as the brand for its global Care platform, bringing together Europ Assistance and Generali Employee Benefits. Antoine Parisi, the existing Generali CARE Hub chief executive, leads Redion as group CEO. The company says the businesses have operated as an integrated entity for nearly three years. Generali describes a platform spanning employee protection, medical and emergency assistance, travel insurance, health and mobility services.
