Market News

Asia-Pacific reinsurers achieved a 9.2 percent return on equity, driven by improved investment conditions and stable underwriting in 2023. Many reinsurers are expanding overseas to boost profitability while maintaining strong capital positions and diversifying their business lines to better manage risks and reinsurance cycles. Read More

AM Best’s report shows that the US workers compensation insurance segment continues to be the most profitable line in the property and casualty market. Contributing factors include declines in loss frequency, favorable reserve development, wage growth, and effective workplace safety initiatives despite pricing decreases over the past 9 quarters. Read More

AM Best's report shows a 60 percent rise in downgrades for US insurers in 2023. Key factors include worsening market conditions, rising loss costs, and geographic risk. Personal lines insurers were heavily impacted, while commercial lines saw more upgrades despite an increase in downgrades for the year. Read More

Howden has expanded its presence in Japan by acquiring Foresight, a firm offering retail brokerage and captive insurance services. This acquisition enhances Howden's global captive management capabilities, now overseeing around 100 captives worldwide, and supports its broader growth strategy in the Japanese market. Read More

Reinsurers face a neutral 2025 outlook as rising catastrophe risks, driven by climate change, prompt stricter terms. Despite expected price softening, profitability remains robust, with capital reserves exceeding targets. Reinsurers continue cautious underwriting, focusing on limiting exposure to secondary perils, while maintaining resilience in an evolving market. Read More