Market News
A Comprehensive Overview of a Captive Insurance Feasibility Case Study
This case study outlines the process of forming a captive insurance company. It covers the feasibility study, application process, and important factors such as risk retention, reinsurance, and expanding coverage, offering practical insights into creating and managing a captive. Read More
Pinnacle Actuarial Releases White Paper on Optimizing Captive Risk Distribution
Pinnacle Actuarial's white paper details how the expected adverse deviation (EAD) model helps captive insurance programs enhance risk distribution. Through case studies, it examines strategies such as reinsurance and coverage diversification to optimize risk profiles and meet regulatory requirements for insurance classification. Read More
Reinsurers Set To Push for Double-Digit US Casualty Price Hikes
Fitch Ratings reports that reinsurers will push for double-digit increases in US casualty premiums in 2025 renewals. Rising loss costs from social inflation and legal risks, including large verdicts and latent liabilities, are driving these hikes as reinsurers tighten risk selection and reduce exposure. Read More
US Commercial Insurance Market Favors Buyers Amid Lingering Uncertainty
The US commercial insurance market continues to favor buyers, with stable conditions across most lines of coverage. However, according to Lockton's September 2024 "Market Update," rising liability costs, economic fragility, and emerging risks are creating uncertainty, prompting businesses to explore alternative risk strategies and remain vigilant. Read More
US E&S Insurers Experience Continued Strong Growth
US E&S insurers experienced a 15 percent increase in direct written premiums in 2023, marking the 6th consecutive year of double-digit growth. Property insurance lines were the primary driver of this growth, with continued momentum expected due to higher pricing and increased policy volume, according to Fitch Ratings. Read More