Market News
Insurance M&A Activity Reaches Lowest Point in a Decade
Insurance mergers and acquisitions (M&A) activity hit a decade-low in 2023, with geopolitical and macroeconomic factors driving declines across all regions. However, Europe is expected to lead a rebound in 2024. Insurers are increasingly exploring digital assets and political risk coverage as growth alternatives in a volatile global market. Read More
Nonprofit Risk Pool Halts Key Liability Coverages for California FFAs
Due to rising claims and legal risks, the Nonprofits Insurance Alliance will nonrenew liability coverages for California foster family agencies (FFAs). Despite a revised bill providing temporary relief, the insurer cites foster care system flaws and legal pressures as unsustainable, leaving FFAs facing higher costs and limited coverage options. Read More
US Insurance Industry Shows Signs of Recovery, Boosted by Capital Gains
The US insurance industry is showing surplus recovery in 2024, driven by capital gains and improved underwriting. While challenges from inflation and weather risks remain, the industry saw gains in premiums and profitability. Personal lines still struggle, but commercial lines show stability amidst evolving risks like cyber and extreme weather events. Read More
September "CICR" Examines Captive Use for Property Risk
Don't miss the September issue of "Captive Insurance Company Reports" ("CICR"), which examines the use of captives to better manage catastrophic property risk. Read More
Most Commercial Lines Continued To See Premium Decreases from July to August
According to the Ivans Index, most major commercial insurance lines experienced decreases in average premium renewal rates from July to August. Commercial auto, BOP, general liability, and workers compensation saw declines, while umbrella coverage slightly increased. Year over year, most lines still posted premium renewal rate gains. Read More