Market News
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
Reinsurers Urged To Embrace Risk To Support Clients and Market Stability
Aon's reinsurance report reveals strong financial performance despite significant natural catastrophe losses. It urges reinsurers to embrace risk to support growth, meet client needs, and maintain market relevance. The report also highlights increased competition, improving investment yields, and the need to address the growing complexity of risks. Read More
Europe's Big Four Reinsurers Maintain Strong Performance Amid Hard Market
Europe's Big Four reinsurers achieved strong non-life results in 2023 and 2024, fueled by favorable market conditions. A.M. Best's report highlights challenges in comparing their earnings due to differing reporting standards but notes stable returns and diversified portfolios. Read More